In its almost 13 years of existence, blockchain’s potential to create a decentralised financial system has often been hyped well beyond its practicality. The technology was heralded by some as the end of central banks, government authorities and fiat money. And now, the Web3 movement, a next-generation web that includes decentralisation, blockchain technologies and token-based economics, has reached quasi-religious zeal.
However, R3’s long standing chief technology officer, Richard Brown, has never let hype and unrealised potential frame his work as one of the leading voices in the distributed ledger space.