In the beginning it was all about Bitcoin and how it's going to revolutionize the whole money industry. What people did not understand is that it might not be Bitcoin, but the underlying technology Blockchain, that's going to change everything. Blockchain can be implemented into so many different industries, infrastructures and pretty much any type of ownership can be digitalized, by putting it on the block.
There is great interest from traditional financial firms, which are using a decades-old payment infrastructures. Banks and financial institutions are eager to adapt to the digital realities and improve the efficiency, speed and transparency of transactions.
As you can see in the video efforts are underway, at the national and international levels, to study and monitor the blockchain. Large international banks are collaborating on how to bring the Blockchain technology into the financial marketplace. Can we expect to see widespread use of these new systems in the near future and how will they change finance? Are we likely to see movement toward private rather than public blockchains, and how will this affect transparency and security? Will big financial institutions just implement the blockchain on their already existing infrastructure or take a new approach?
Here's a list of all the people speaking on the video at Milken Institute Global Conference:
Marc Hochstein, American Banker
Brian Forde, Digital Currency, MIT Media Lab
Jalak Jobanputra, FuturePerfect Ventures
Leanne Kemp, Everledger
Margaret Liu, Conference of State Bank Supervisors
Steve Wager, itBit