BLOCKCHAIN WATCH 06/19/16

I wrote a headline nearly a year ago “Blockchain Blues,” about industry thought leaders considering “the problems as more major banks endorsed the technology’s potential.” Now the blues are really being heard, with the backing on the Ethereum-based DAO, a somewhat utopian venture fund. The fund is winding down and is expected to roll back the transactions, something that would not happen in an ideal world of decentralized finance. These two headlines from last week’s Quartz show how quickly the blockchain and FinTech market can change and, indeed, how fragile it can be regardless or perhaps because of the frenzied pace organizations are driven.

Wednesday
How blockchain technology can prevent the next financial crisis, disrupt Uber, and give us control of our data

Friday
A $79 million cryptocurrency heist just happened, and it’s threatening the future of blockchains