In developing blockchain projects, companies often lack an understanding of the economics of networks, and the path to creating long-term monetization.
Real disruption in financial services means creating new plumbing for transactions, not nicer apps on top of existing rails, says CoinDesk columnist Lex Sokolin.
From ATMs to cargo containers, standards make global commerce work. The same goes for crypto, which needs standards to comply with anti-money laundering rules.