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How the Blockchain Could Change Finance


U.S. Rep. David Schweikert (R.-Arizona) walked into congress in Washington last week and spoke about something almost no one on Capitol Hill was expecting: the effect the blockchain will have on the global financial industry.



In fact, most his constituents in Arizona could be forgiven for not quite following along. As we pointed out in our introductory article about the effect blockchain is going to have on the world and our subsequent article about blockchain and government, just understanding the basic tenets of blockchain is difficult enough. Throw a topic like finance into the mix, and you’re asking for trouble.

Luckily, finance seems to be an obvious fit for the benefits of blockchain. It probably has something to do with the fact that bitcoin, blockchain’s most famous product, dominates conversation due to its meteoric rise in value and the controversy surrounding Silk Road’s extensive use of the popular cryptocurrency. Because the blockchain is a ledger system that operates with numbers, and let’s face it: there’s a heck of a lot more reward in building financial products than altruist social experiment apps, startups and fortune 500 companies from around the world are feverishly working to revolutionize the finance space using distributed ledger technologies like blockchain...

Read more:
http://blog.greenbricklabs.com/blockchain-change-finance/

Pour lire tous les articles Finyear dédiés Blockchain rendez-vous sur www.finyear.com/search/Blockchain/

Participez aux conférences Blockchain éditées par Finyear :
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Blockchain Vision ( 12 avril 2016)
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Mardi 12 Avril 2016
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