Media Coverage
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
02.06.17
Digital currency news site CoinDesk reports that 2017 could be a make-or-break year for blockchain technology and its various iterations, known as “distributed ledger technology” (DLT).
Washington, DC Public Policy partner Mercedes Tunstall tells CoinDesk that DLT may offer more flexibility since it uses a larger architecture than “pure blockchain,” and she says many companies that have invested in blockchain may be starting to realize its limitations.
“There is a bit of a sense that maybe [blockchain] isn't going to bear all of the promise that has been talked about,” she said. “When people who have invested in this are coming to that conclusion, then other companies start to think that maybe this isn’t a direction to go.”
Tunstall suggests that companies are looking for technology that can be more secure and more adaptable than pure blockchain, like DLT, so “they may be moving forward along those lines.”