(Forget about the Drugs and Rock & Roll… it’s all about the SECS.)
Blockchain technology could change the world as we know it, or so the hype would have us believe. Is blockchain technology really all that it’s hyped up to be? Let’s compare the traditional centralized technology approach with the new kid on the block(chain), FinTech Distributed Ledger Technology (DLT) aka Decentralized database technology. To put things into a more balanced perspective, let’s focus on some basics – specifically, the SECS: S (Security), E (Efficiency), C (Costs/Compliance), and S (Speed).