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The future of blockchain
Journal of Digital Banking,
2
(1),
74-96
(2017)
Abstract
Bitcoin ushered in the age of cryptocurrencies, blockchain and digital ledgers with the potential to revolutionise financial services. This paper analyses representative cryptocurrencies to conclude that rumours of Bitcoin’s imminent irrelevance stem from the difficulty of measuring adoption. The interest in Bitcoin is high and still growing. It is likely to continue to develop as a relevant financial instrument. The excitement about blockchain must be tempered by the fact that at its development stage every technology is seen as disruptive and transformative. The paper then proposes a selection approach to aid business leaders in moving blockchain from the innovation lab experiments to production deployments and into sustained operation.
Keywords: Bitcoin; Ethereum; Ripple; blockchain; digital ledger
The full article is available to subscribers to the journal.
Author's Biography
Gene Neyer is an Industry and Regulation Group Leader for D&H. Prior to D&H, he held the same position as a Senior Vice President at Fundtech (acquired by D&H). Before Fundtech, Mr Neyer was a Principal for NG Group, a management consultancy, focusing on payment architectures and operational efficiency; a Managing Security Executive for FSTC, a consortium of leading US banks and vendors; Head of Engineering and Security for EBS (an FX agency broker — now part of ICAP); and Head of Development for US payments at Deutsche Bank and Bankers Trust. Mr Neyer holds an Executive Master in Technology Management from Wharton/University of Pennsylvania and a M.S. & B.S. Degrees in Mathematics from City College of NY. Mr Neyer has written and lectured on various aspects of global payments, real-time payments and blockchain and is a regular speaker and commentator at business seminars and conferences.
