Blockchain and Ethereum platform could replace banks in raising capital for innovators and small businesses
A little more than a week ago, Russian President Vladimir Putin met personally with Vitalik Buterin at the St. Petersburg International Economic Forum (SPIEF) to discuss how his creation, the Ethereum Blockchain, could be used to help integrate not only the Eurasian power’s energy industry onto this technology, but also to broach the idea of what it would take to create a sovereign cryptocurrency as well. And when you add in Cliff High’s ongoing forecasts that China is focusing on cryptocurrencies and blockchain technology to facilitate commerce in their Belt and Road projects, then the inevitability of cryptocurrencies and derivatives of the blockchain replacing current financial infrastructures is pretty much a foregone conclusion.
Read more here: http://www.theeventchronicle.com/finanace/blockchain-ethereum-platform-replace-banks-raising-capital-innovators-small-businesses/
It is good to see a world leader heading in the right direction. I do wonder if this meeting will prompt other world leaders to take steps forward in embracing the new technology. I do not mean to fill Vitalik's schedule with meetings, but I do hope that soon, our world leaders will start taking an interest in Ethereum. I think the new French president Macron has shown support of cryptocurrency but I am not sure to what extent. I guess time will tell.
Veritaseum too