Do I really need blockchain? 4 important factors to consider

5 min read

“Kodak’s cryptocurrency ploy hits all the major buzzwords – blockchain, smart contracts, distributed ledger, ICO, etc. But look through the PR spin, examine the true merits of using blockchain for the proposed service, and it’s obvious the project is poorly thought out and will never work as promoted.” The above is taken from Kerrisdale Capital’s unforgiving assessment of the attempted pivot by Kodak towards blockchain technology. And if that wasn’t brutal enough, the hedge fund also described the move by the 138-year old photography company as being nothing more than “a last-ditch stock promotion gambit for a company hurtling towards bankruptcy.”…...

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Shashank Pattekar Financial markets professional turned FinTech enthusiast, Shashank has a passion for exploring the possibilities of disruption in this new, tech-informed era of finance. After several years working in London's financial services sector, including stints with investment banks Goldman Sachs and Merrill Lynch, he opted in 2013 to switch to a more location-independent career. In the process, he developed a keen interest in writing about contemporary subjects including FinTech and blockchain, alongside more traditional topics related to finance, economics and current affairs. Shashank has also been an advisor to a new London FinTech firm, and has worked on a number of global blockchain projects, mainly in financial, marketing and advisory capacities. Shashank can be reached at [email protected]