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The future of blockchain

Author

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  • Neyer, Gene

Abstract

Bitcoin ushered in the age of cryptocurrencies, blockchain and digital ledgers with the potential to revolutionise financial services. This paper analyses representative cryptocurrencies to conclude that rumours of Bitcoin’s imminent irrelevance stem from the difficulty of measuring adoption. The interest in Bitcoin is high and still growing. It is likely to continue to develop as a relevant financial instrument. The excitement about blockchain must be tempered by the fact that at its development stage every technology is seen as disruptive and transformative. The paper then proposes a selection approach to aid business leaders in moving blockchain from the innovation lab experiments to production deployments and into sustained operation.

Suggested Citation

  • Neyer, Gene, 2017. "The future of blockchain," Journal of Digital Banking, Henry Stewart Publications, vol. 2(1), pages 74-96, June.
    • Handle: RePEc:aza:jdb000:y:2017:v:2:i:1:p:74-96
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    More about this item

    Keywords

    Bitcoin; Ethereum; Ripple; blockchain; digital ledger;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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