🎬 Blockchain is still stuck in phase one, says McKinsey report

A new report from McKinsey claims that blockchain suffers from an "Ocaam problem" in that it is rarely the simplest way to solve a problem to which it can be applied. The authors note that some cryptoassets, like Bitcoin ($BTC) are exceptions to this case and that some other areas such as tracking asset ownership, verifying data integrity, and following goods through global supply chains are promising.