BeyondtheHype:BlockchainsinCapitalMarketsMcKinseyWorkingPapersonCorporate&InvestmentBanking|No.12December2015McKinseyWorkingPapersonCorporate&InvestmentBankingareaseriesofpublicationspresentingMcKinsey’slatestresearchandinsightsoncorporateandinvestmentbanking.IncorporatingabroadrangeofviewsfromMcKinseypartnersandexpertsglobally,thepapersprovidealeadership-levelperspectiveontheopportunitiesandchallengesfacingcorporatebanking,investmentbankingandcapitalmarketsbusinessesworldwide.Theirpurposeistoencouragediscussionaboutthefutureoftheindustry.***KevinBuehlerDirector,NewYorkkevin_buehler@mckinsey.comDanieleChiarellaDirector,Frankfurtdaniele_chiarella@mckinsey.comHelmutHeideggerDirector,Viennahelmut_heidegger@mckinsey.comMatthieuLemerleDirector,Londonmatthieu_lemerle@mckinsey.comAkashLalPrincipal,Mumbaiakash_lal@mckinsey.comJaredMoonPrin