Anti-Crypto ‘Expert’ Tells British Govt. Blockchain Is Just a Fad

On Tuesday, a director of a leading think tank stood before the British Parliament’s Treasury Select Committee and called out blockchain technology as “magic wand, pixie-dust things” that is a “fad” and “a distraction from looking at getting some of the basics rights” in the banking industry.

Martin Walker, the director for the non-profit Center for Evidence-Based Management (CEBMa) was giving evidence on digital currencies and blockchain to the room full of British MPs following the submission of written evidence to the House of Commons Treasury Committee on April 12.

Walker was previously a consultant to the R3 blockchain consortium, which boasts more than 80 global financial institutions as members and has completed trials for a number of banking giants.


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