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Occam’s blockchain shaver

As the world knows, the fairest and smartest of all the management consulting firms is McKinsey & Company. So profound is their reputation for being ahead of the curve they need publish only one report to ensure a fledgling trend becomes an established norm.Lucky for the world, back in December 2015, McKinsey's attention turned to blockchain. At this point the wisest of them all asserted: Blockchains have the potential to dramatically reshape the capital markets industry, with significant impact on business models, reductions in risk and savings of cost and capital. But the truly wise also know it's never clever to make forecasts without caveats. Accordingly there were plenty.So yes, blockchain was going to truly revolutionise the world, increasing transparency and efficiency while

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FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

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