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Wall Street's 'permissioned blockchain' trend faces skepticism, echoes 2016 bust

By PulseAugur Editorial · [1 sources] ·

Legacy financial institutions are reviving interest in permissioned blockchains, similar to a trend seen in 2016. These initiatives, often involving tokenized stocks and cloud-based networks like DTCC's Hyperledger Besu or the London Stock Exchange's Microsoft Azure integration, are criticized for lacking true decentralization. Experts like Columbia professor Omid Malekan argue these systems are essentially controlled databases that favor corporate interests and are unlikely to achieve widespread adoption, predicting that decentralized platforms like Ethereum will ultimately drive financial innovation. AI

RANK_REASON Article provides an opinionated analysis of a current trend in financial technology, comparing it to past events and predicting future outcomes.

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Wall Street's 'permissioned blockchain' trend faces skepticism, echoes 2016 bust

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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Jeff John Roberts ·

    Bank-run blockchains are back in style—but history suggests they will be a bust

    The lesson of 2016 shows that centralized corporate blockchains like Canton will be a hard sell.

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