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ANZ rips apart blockchain, catalogues its big list of non-uses

If you’re a distributed ledger or blockchain true believer, take a deep breath. And maybe sit down. This won’t be comfortable. Or boring.

One of Australia’s Big Four banks, ANZ, says it’s run ruler over the supposedly transformative technology and, to put it mildly, it’s neither impressed or convinced of the promise of a revolution in trusted transactions is just around the corner.

“Blockchain has been the darling of the tech world for some time and increasingly so over the medium term, perhaps in part pushed by scorned crypto fanatics grasping for some justification of their obsession in the wake of the bitcoin collapse,” argues Mar…
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