Morgan Stanley: Blockchain Tech Misconceptions & Hurdles to Adoption in Banking
Morgan Stanley Research recently released a Global Insights report asking the question, “Blockchain in Banking: Disruptive Threat or Tool?”
The investment bank’s in-depth study highlights various misconceptions about blockchain technology and identifies 10 hurdles to making blockchain a reality in
banking. The report stipulates that the opportunity for blockchain tech is evident but that mainstream adoption is too far off to impact its 2017-18 estimates.
Ten Key Hurdles to Blockchain in Financial Services
Morgan Stanley identifies 10 roadblocks for blockchains to become a reality in banking, namely determining cost/benefit in use cases, cost mutualisation and who funds the
overhaul of old systems, misaligned incentives, evolving to the right standard, scaleability & performance, governance, regulatory issues, legal risks, cryptology & security, and simplicity & interoperability.