Nouriel Roubini Now Trashes Blockchain Technology as Slow, Cumbersome

Blockchains are more or less useless, believes Dr. Nouriel Roubini, as he shared recent articles on the challenges facing startups. Until now, Roubini attacked the economic claims of digital assets, but he moved on to the blockchain technology itself.

https://twitter.com/Nouriel/status/1191203900252131328

The skeptical previews come just days after China’s president Xi Jinping announced the country would seize the opportunity to use blockchain technology. However, a use case backed by a government is quite different from purely token-based startups or community-based coin projects.

Propy, a project aiming to record Vermont land deals on the blockchain, faced deflated enthusiasm for its product.

“In 2017, it was enough to have blockchain technology and everyone reaches out to you,&…

This article appeared first on Cryptovest

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