What a load of crock. I work in fintech. And every week or so, someone will mention 'blockchain' completely out of context, presumably because they think it makes them sound intelligent.

Blockchain won't solve anything. Sure, it's interesting as a distributed ledger, but that's as far as it goes. You think financial institutions care about innovation? Think again. They'll gladly talk about the latest buzzword if they think it can make them any money, but no one is working on anything credible using blockchain in fintech.

Banks are scared of decentralized services, and they will gladly pander FUD at governments who are willing to listen.