Series: Understanding BlockChain

Updated: Dec 23, 2019

We are Subject Matter Experts in banking / financial service and novice spectators of Cryptocurrencies and BlockChain technology. Interesting time indeed for how the technology works for banks, correlated to how internet changed media, just few decades ago.

This recent analysis by HBR is a definite read for how the future might look like with the BlockChain :

The Blockchain Will Do to the Financial System What the Internet Did to Media

In summary:

- No ignoring cryptocurrencies and underlying blockchain as was the case for past decade

- Open-source code blockchain technology makes it more robust

- Compliance / Regulation embedded in its code

- Layers of Blockchain code, best match observed when everyone is on the same layer (analogy: TCP/IP protocol, HTTP in internet)

- Monetary policy embedded in open source code, for instance, new Bitcoin pumped into the system after equal intervals with upper cap maintained. (WOW!!+ critics)

- Too much too soon ?

(remainder summary in upcoming articles)

Keep following and learning newest financial happenings, as we do ...

In case you missed Contrawiz's earlier analysis on similar topics:

Bitcoin nears record highs, at $3000

#Blockchain #Cryptocurrencies

  • LinkedIn Social Icon
  • Facebook Social Icon
  • Twitter Social Icon


This is not trading or investment advice. Content on this website should be taken for educational purposes only. Trading financial markets is very risky, you may lose lot of money. We take no responsibility for your losses. For further details refer to our detailed Disclaimer.

© 2019