BLOCKCHAIN is more than just a Cryptocurrency... it's a Real Game Changer..!!

in #blockchain8 years ago (edited)

The Future of Global Banking

BLOCKCHAIN is more than just a Cryptocurrency it will be the way the Global Financial Market is stitched together in the future.
 

The underlying technology behind Bitcoin has the potential to be one of the most technological advances of our time.

A Technology that cannot be Copied, Manipulated, Stolen, Controlled, Influenced, Exploited, Orchestrated or Choreographed, BLOCKCHAIN is about to do more than just cryptocurrency.

BLOCKCHAIN will replace the "trading blocks" of the 1970's and will change the way Business and Global Trade is carried out forever.

BLOCKCHAIN has the potential to connect everyone in The World that could redefine CURRENCY, DEMOCRACY, and TRADE, and that is just the beginning.

BLOCKCHAIN is disrupting the Financial Sector already & has the ability to disrupt other major markets, including Supply Chain, Logistics, Retail, and Legal.

Global Financial Services will be TOTALLY unrecognisable in the next 5-7 years and BLOCKCHAIN Technology will do this.

Throw out all your books, MBA's & past experiences in Financial Services as they WON'T be worth a cent. A Global Financial Revolution is coming.

Everything you know about DEBT, LOANS, ASSET VALUATIONS, CURRENCIES, BUSINESS, TRADE, DEMOCRACY.... is all about to be turned on it's head.

With increased transparency & greater regulatory compliance BLOCKCHAIN will be invisible to the Public but at the heart of the New Global Financial System.

But it gets even better....

The biggest advantage of BLOCKCHAIN is it's transparency characteristic and it is this characteristic that when applied to Financial DERIVATIVES will turn the Financial World upside down.

What are Financial DERIVATIVES?

A Financial DERIVATIVE is a Contract between two or more parties whose value is based on an agreed-upon underlying Financial Asset, Index or Security.

Common underlying Financial Instruments include: Bonds, Commodities, Currencies, Interest Rates, Market Indexes, Equities and Stocks.

In an ever increasing complex Global Financial System the application of BLOCKCHAIN to these complex Financial DERIVATIVES will help measure True Systemic Risk of Failure, and one that can no longer be ignored.

BLOCKCHAIN will go down in history, sitting aside The Invention of Electricity, The Splitting of the Atom, The Breakthrough in DNA, and The Invention of the Internet itself.

I could go as far as to say that it will be bigger than all of these.

It will Value the Internet..!!

A Real Game Changer.... and most have never heard of it..!!

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Yep, it's an exciting time to be alive! My firm (I work for a big global bank) is one of those actively researching blockchain technology to see how it can improve the industry. Right now the biggest focus is on applying it to settlement systems. It takes a long time, multiple days, for various types of trades to settle, and the trades flow through many different IT systems in the process. There are incredibly complicated sets of checks & balances to make sure data isn't corrupted or lost along the way.

Blockchain tech has the potential to cut through all that mess and reduce settlement times dramatically by eliminating the need to trust third parties and perform all those extra checks. It's not going to happen fast; replacing the existing gargantuan IT systems will take time, but the first exploratory baby steps are being taken and that's quite exciting indeed!

Thanks for the reply I really appreciate it. Hope you don't mind but I have shared this on Twitter at stephenpkendal. Stephen.

You're welcome. No I don't mind at all, feel free.

Thanks for sharing that.
If you have time please visit my also
https://steemit.com/scam/@lahbil/how-to-avoid-bitcoin-scams

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