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CRYPTO INSIDER: Blockchain is a 'pixie dust fad'

Graham Rapier   

CRYPTO INSIDER: Blockchain is a 'pixie dust fad'

Magician trading floor

Reuters/Kai Pfaffenbach

A German trader dressed as the magician Merlin hams it up on the floor of Frankfurt's stock exchange as part of Germany's carnival season.

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The director of a leading management think tank has dismissed blockchain technology as a distracting fad without much to offer financial services.

Martin Walker, a director of the Center for Evidence-Based Management, a nonprofit that aims to improve the quality of executives' decision-making, gave evidence about digital currencies and blockchain to members of Britain's Parliament on Tuesday. Read his harsh words for the industry here.

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