With all the hype around it, you could be forgiven for believing that blockchain is just another fad. Especially, since at a fundamental level, blockchains are glorified databases. However, pigeonholing this technology would be an underestimation of the disruptive potential it offers. I believe that it is poised to revolutionise business and commerce the way the World Wide Web did in the first decade of the 21^st century.

Rebuild customer confidence! That’s the clarion call from the Competition and Markets Authority (CMA) to banks in its recently released Report on ‘Making Banks Work Harder for You.’