Blockchain: Overcoming First-Mover Disadvantage
Blockchain/distributed ledgers have the power to radically shift the economics on Wall Street and around the world. The ability to decentralize trust, develop consensus-driven ledgers, re-engineer our core infrastructure away from old and legacy technologies, and the ability to pragmatically embed downstream processing logic into our contracts, has the potential to drastically change the economics of the industry and conceivably the economics of financial transactions globally.
While the promise of change is palpable, how do get there? How will blockchain/distributed ledgers be implemented and how does distributed ledger technology different from traditional solutions? Likewise, can we even use our well-tried and tested software adoption schemas to blueprint blockchain adoption?
In this TABB Group Market Note, we discuss the various challenges in driving blockchain / distributed ledger technology adoption and lays out a direction forward.