Cryptocurrency Tech Faces a Bumpy Road to Adoption
A new article from UBS Wealth Management’s Chief Investment Office discusses the future of cryptocurrency.
While they remain skeptical on cryptocurrencies, they still believe their underlying technology — blockchain — has promise. Also known as distributed ledger technology (DLT), they believe this new class of technology will have application across multiple industries and, one day, drive significant economic value.
That said, although they believe DLT is where the “rubber meets the road” for innovative ledger and data sharing technology, they think there could be significant friction that will likely impede widespread adoption for a number of years.