The original blockchain was a distributed ledger used to trade the cryptocurrency bitcoin. Bitcoin transactions would be pooled into blocks to lower the cost of validation for each individual transaction.
But according to a new report published by consultancy Opimas, the so-called “blockchain” initiatives beginning to populate the capital markets have little resemblance to the original bitcoin-blockchain model. Most initiatives today do not require transactions to be “blocked” together.
Bloomberg’s Gerard Francis looks at the challenges that capital markets firms face when trying to incorporate alternative datasets.Subscribe to Weekly Wrap emails