Fintech

Breaking the blockchain: Major projects shelved as hype fades

Highly anticipated trials using the technology underpinning cryptocurrencies are being sidelined or cancelled entirely

Breaking the blockchain: Major projects shelved as hype fades
Photo: Joe Magee

2017 was a heady time for blockchain’s cheerleaders.

“It was like it was going to walk your dog and make your coffee by tomorrow,” as one blockchain head of a tier 1 bank put it.

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