Morgan Stanley’s Global Insight report on blockchain in banking has undermined some of the current hype around distributed ledger systems. In fact, despite the many benefits that An unchangeable digital record where transactions are processed and verified by a network of independent computers rather than by a single referee. This decentralised structure has been described as an open distributed ledger. It supposedly enhances security as there is no single entity to be hacked. It also protects personal identity and guarantees that governments can’t block transactions or otherwise manipulate the payments space. The blockchain is the underlying technology supporting most ... technologies could bring to the current financial system, Morgan Stanley’s researchers found that widespread adoption of distributed ledgers will not occur before the next decade and that they will most probably never been fully applied to payments.
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