First presented on February 15, 2015 to the Sim Kee Boon Institute (SKBI) for Financial Economics at Singapore Management University. Citations and references are in the notes section.
For the past two years, many entrepreneurs, developers, investors and enthusiasts have promoted the view that blockchains and in particular, Bitcoin will eventually be adopted as a universal value transfer mechanism -- a type of global payment rail fit for a cornucopia of use-cases. Empirically this does not seem to be the case as over the past year and specifically the past 6 months, multiple startups have been created that specialize in areas that Bitcoin is not particularly well suited for. Whether any of these succeed is another matter entirely, but it is not a foregone conclusion that any one blockchain will be the "one to rule them all" based on their competitive (dis)advantages. This presentation outlines a number of vendors that have either announced or are working on solutions for the broader "Fintech" space as well as incumbent institutions in the existing ecosystem.