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Blockchain is well named. At its core a specific type of database, a blockchain collects data together into groups, or “blocks,” which store digital information, such as financial transactions or asset ownership records. Imagine a series of these blocks. Each block has a specified storage capacity and, once full, is placed by a network computer next to the previously filled block by updating the openly viewable and editable record; it is only allowed to make this placement through network consensus. Now imagine those blocks linked together through cryptography, a computer-generated scrambling set to prevent alteration from outside parties. The result is an unbreakable (as far as we know) and irreversible list, or “chain,” crossing hitherto established silos and borders.
Bitcoin is the best-known application of blockchain technology: moving value online without the need for a trusted third party, such as a bank or payment network. But there is no end to other existing and potential applications. These include:
We are all just beginning to appreciate the scale of potential blockchain application. It clearly can disrupt significant technology platforms and traditional business models in ways similar to the revolutionary changes brought by the internet. As with any new disruptive technology, some efforts will fail and others will reap outsized rewards. We expect blockchain to be an area of increasing investor focus.
Investment and Wealth Management services are provided by Evercore Wealth Management, LLC an investment advisor registered with the U.S. Securities and Exchange Commission (the "SEC") under the Investment Advisers Act of 1940. Registration with the SEC does not imply a certain level of skill or training. Trust and custody services are provided by Evercore Trust Company, N.A. a national trust bank regulated by the Office of the Comptroller of the Currency.
Client retention rate is based on data from 06/30/24 – 06/30/25. Assets under management are as of 06/30/25
