Martin Walker: soon we will see people questioning the usefulness of blockchain

Blockchain evangelists imply that this structure would completely change the society, this has been witnessed by Bitnewstoday first-hand at Blockchain Conference Russia 2018 in Moscow this year. Martin Walker who heads the Center for Evidence-Based Management might have noticed this social group as well and demonstrates serious skepticism towards their beliefs once again, as new reports coming from the UK media tell.

In his speech addressed to the parliamentary Treasury Select Committee in the United Kingdom, he noted that the hype around the blockchain would fall in the near future - November 2018 (or in six months). In other words, it will become mainstream to ask yourself “Alright, why is the blockchain needed here in the first place?”

This approach was actually recommended as reliable business tactics before by economic experts who aimed to warn businessmen of the difficulties of ICOs investment and assessment.

Other noteworthy remarks by Martin Walker were about the dependency of the social behavior of price dynamics - bulls will prevail if the price grows and bears will have a majority if the price goes further down. When asked about the initiatives of Goldman Sachs and the NYSE, expert has stated that big companies sometimes are playing a game riskier than they are trying to present.

Overall, these remarks show stark contrast to his older emotional statements about “magic wands” Martin Walker has made at the beginning of this month.

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