A blockchain fail

I trust the wonderful world of blockchain conferencing and waffle-ful papers is still being enjoyed by Sinclair Davidson and Chris Berg?   At least it gets them out of Australia and their other pet project of trying to drum up support within the Liberals for ending funding of the ABC, so I don't mind them wasting their time overseas, really.

Anyway, I post about it again because it seems that if the German banks have much say in it, blockchain technology doesn't have a bright looking future:

A trial project using blockchain to transfer and settle securities and cash proved more costly and less speedy than the traditional way, Germany’s central bank president said.

The experiment, launched by the Bundesbank together with Deutsche Boerse in 2016, concluded late last year that the prototype “in principle fulfilled all basic regulatory features for financial transactions.” Yet while advocates of distributed ledger technology say it has the potential to be cheaper and faster than current settlement mechanisms, Jens Weidmann said the Bundesbank project did not bear those out.