Topic: [2015-04-29] Internet of Finance: Unleashing the Potential of Blockchain Tech (Read 360 times)
April 29, 2015, 09:50:34 AM
we can only hope that the technology blockchain adopted quite widely in the future, and be able to overcome the challenges and problems that arise during the development of technology-blockchain.
April 29, 2015, 09:11:29 AM
The Internet of Finance: Unleashing the Potential of Blockchain Technology
Despite concerns about potential risks, virtual currencies remain high on the list of new technologies that have the potential to transform financial services. Bitcoin—a decentralized cyber currency and payment system released in open-source software in 2009—is the largest and best-known on several measures.
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CONCLUSION
It remains to be seen whether the innovative blockchain technology underpinning many of today’s Internet-based currencies and digital projects will be adopted widely enough to become a disruptive force in the global economy. For this to happen, present-day blockchain technology would require technical modification and improvements to its design that address fundamental concerns, including incentive and governance procedures, as well as the enormous computational power required to maintain the system and the associated costs. However, if the mathematicians, entrepreneurs, programmers, and developers that support the blockchain are able to address these challenges—as well as potential problems that arise during the course of development—blockchain technology could very well revolutionize the financial landscape, making the “Internet of Finance” a reality.
https://www.iif.com/publication/html-publication/internet-finance-unleashing-potential-blockchain-technology
http://en.wikipedia.org/wiki/Institute_of_International_Finance
Despite concerns about potential risks, virtual currencies remain high on the list of new technologies that have the potential to transform financial services. Bitcoin—a decentralized cyber currency and payment system released in open-source software in 2009—is the largest and best-known on several measures.
...
CONCLUSION
It remains to be seen whether the innovative blockchain technology underpinning many of today’s Internet-based currencies and digital projects will be adopted widely enough to become a disruptive force in the global economy. For this to happen, present-day blockchain technology would require technical modification and improvements to its design that address fundamental concerns, including incentive and governance procedures, as well as the enormous computational power required to maintain the system and the associated costs. However, if the mathematicians, entrepreneurs, programmers, and developers that support the blockchain are able to address these challenges—as well as potential problems that arise during the course of development—blockchain technology could very well revolutionize the financial landscape, making the “Internet of Finance” a reality.
https://www.iif.com/publication/html-publication/internet-finance-unleashing-potential-blockchain-technology
http://en.wikipedia.org/wiki/Institute_of_International_Finance
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