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
FT Alphaville considers the following as important:
This could be interesting, too:
FT Alphaville writes America has never worried about financing its priorities
Tyler Cowen writes Might there be a new eurozone-China recession?
Tyler Cowen writes A new World Bank rumor
FT Alphaville writes Was AMLOve just EM investors’ summer fling?
As the world knows, the fairest and smartest of all the management consulting firms is...