Blockchain – not fit for financial markets
- Written by Pat McConnell, Honorary Fellow, Macquarie University Applied Finance Centre, Macquarie University
Blockchain can't solve every problem in the finance industry.www.shutterstock.comFor a discipline that is supposedly rational, finance has had its fair share of irrational crazes. For example, the dotcom bubble and the collateralized debt obligation craze that led to the global financial crisis. The latest is the Blockchain.
Most financial bubbles...