"The chain of blocks is an expensive and complex technology … there are few practical cases" … McKinsey's one step

The McKinsey & Company (McKinsey) international consulting firm has broken the blockbuster industry with little evidence of effective use of blockchain technology.

McKinsey said in a report released by three partners the day before: "The chain of blocks is convenient and there is very little evidence available for expansion," said McKinsey in an article on the Telegraph currency.

"The blockchain has not yet completed advanced technology as planned, and most of these technologies have not materialized, given the money and time spent," the report says. "It's not surprising that the process of developing the blockchain is not surprising," he added. "Because the blockchain is unstable, expensive, and it's a complex technology early in development," he added.

McKinsey pointed out that if a product or technology evolves, it can be divided into four phases: introduction, growth, maturity, and life cycle badumption.

However, the blockchain noted that there is a practical value in terms of technology that can bridge the gap, namely innovation. McKinsey also hoped that it would help move business ownership to the consumer.