Slowly Implementing Blockchain

Blockchain, the technology behind bitcoin, has been picked as one of the next technologies that would change the financial sector. Experts have said that in order for it to be used, it would need to be done in phases. I agree that in order for blockchain to become integrated into financial systems, it needs to be integrated slowly. The financial systems have been in place for decades and if blockchain were to change the way the system works too fast, the repercussions would be too great. For example if blockchain was integrated into the system as fast as possible, it would cause a high interest in the technology which would cause an increase in research and development. Now this might not seem that bad, but if the research and development of the technology were to outpace the integration and updating of the financial systems in use then problems would occur in communication and data transfer. Slow and steady is the way to go and it would allow the integration of blockchain into non-essential systems while testing and debug any issues that may appear along the way.

Source: http://blogs.wsj.com/cio/2017/01/20/the-internet-blockchain-and-the-evolution-of-foundational-innovations/