Blockchain can enhance traditional financial systems, but mass adoption requires a focus on interoperability, usability and regulation. Unsplash

When Gartner predicted in 2022 that blockchain would create $176 billion in business value by 2025 and $3.1 trillion by 2030, it seemed like the technology was poised to revolutionize every industry it touched. Yet here we are, still struggling to find the perfect integration point for a technology everyone agrees is valuable. Let’s be clear: The problem isn’t the technology itself. Blockchain works exactly as intended, creating immutable records of transactions that can’t be altered or disputed. The challenge continues to lie in how we’re trying to implement it, and failing to learn important lessons about the transformation unfolding before our eyes.

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The integration challenge

For years, the strategy has been replacement rather than integration. We’ve attempted to create entirely new financial systems from scratch, expecting the world to abandon centuries of established infrastructure overnight. It hasn’t worked, and it won’t work. The future isn’t about replacing traditional finance—it’s about enhancing it.

According to 2021 data from Deloitte, 76 percent of executives believe digital assets will serve as a strong alternative to or........

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