Blockchain and Fragmentation: 'We're in a Weird Spot'

"The problem I see is that if we don't, over the next six months or so, start to consolidate and focus on some core platforms, we'll have too much fragmentation."

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Christopher Boivin believes that five years from now, distributed-ledger technology (DLT) providers will be looked upon like any other tech vendor is viewed today. But Boivin, vice president of BNY Mellon's markets group strategy unit, also understands that distributed-ledger technologies like blockchain represent what will likely force an organizational shift at his firm.

As a custody bank, BNY Mellon helps to intermediate certain frictions that would, in theory, be erased with an industry

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