The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto.
By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin, (Buy Bitcoin) the tech community is now finding other potential uses for the technology.
Blockchain is a digitized, distributed and secure ledger that guarantees immutable transactions and solves the trust problem when two parties exchange value.
Blockchain will be adopted by central banks and cryptographically secured currencies will become widely used.
The settlement of currency, equity and fixed income trades almost instantaneously through permissioned distributed ledgers creates a significant opportunity for banks to drive efficiency and potentially create new asset classes.
The future of finance could be dominated by blockchain technologies. A traceable global currency complete with an efficient