Markets Learn Painful Lessons as Blockchain Grows Up

Shelving early blockchain projects has pushed the technology further into maturity, and offers lessons for the future.

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Even in an industry known for its tendency to obsess over the newest tech fads, blockchain stood out as the frosted tips of fintech. 

When it first emerged as an area of interest, blockchain, and distributed-ledger technology (DLT) more broadly, was touted as being able to solve problems in everything from highly centralized market structure through to the very foundation of capital markets. Years—and a litany of shelved projects later—some of the hot air seems to have gone out of the room.

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Bank-backed Versana takes aim at syndicated loan tech

Born from a consortium that includes JP Morgan and Bank of America, Versana aims to bring up-to-date and permissioned data to the syndicated loan market—the first step to a more transparent and faster operating market.

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