Security expert predicts mass adoption of blockchain tech

Former cheque forger and fraudster turned security consultant, Frank Abagnale, says all banks, governments and businesses will eventually adopt blockchain technology.

“I think you would have to be pretty ignorant not to realise that blockchain is the way for the future. It is the best way to secure information 100%, so I think you will see banks, especially accounting practices and accounting firms, all move to the blockchain,” he told an audience at the Blockchain Nation Miami conference.

He added: “It will be the best way to do so because you cannot break the blockchain, you cannot hack into the blockchain, you can’t change anything in the blockchain.” Abagnale, who was portrayed by Leonardo DiCaprio in the film Catch Me If You Can, has for 40 years worked with and advised financial institutions, corporations and government agencies.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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