Regulated blockchain is future of fintech

GangNamSK

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Quote from: BigBoy89 on February 27, 2018, 05:31:37 AM

Many big companies are already adopting blockchain as technology to lower their business costs.

I count this as regulated blockchain. But I can't agree that this is the future. At least for us, crypto users.

Whether large companies or businesses are adopting blockchain technology in their field. To reduce operating costs. But in blockchain technology there is electronic money used to pay activities. But this technology has many more useful features than reducing costs. In the future it will be much improved.

cryptosluck

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Most of the country governments and many companies are showing interest in regulated blockchain like centralised blockchain most widely used

Barrueco

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Quote from: BigBoy89 on February 27, 2018, 05:31:37 AM

Many big companies are already adopting blockchain as technology to lower their business costs.

I count this as regulated blockchain. But I can't agree that this is the future. At least for us, crypto users.

I agree "Regulated blockchain" or "centralized blockchain".
Many companies are already using this method. Worldcore for ex. one of the biggest payment institution in Europe. They have even their own cryptocurrency (WRC).

wandino

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Yes, blockchain and smart contract reduces this infrastructure and legislation enforcement bureaucracy to distributed network of computers. This technology can help entire fintechs regarding data of customers.

BigBoy89

legendary

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Many big companies are already adopting blockchain as technology to lower their business costs.

I count this as regulated blockchain. But I can't agree that this is the future. At least for us, crypto users.

BarbusseH

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The infrastructure of stock markets has been created for centuries, and has worked relatively well all this time. All these laws, procedures, rules of treatment did not come from scratch, but were caused by the need for the correct integration of this system into society - investor protection, payment of taxes, inheritance and much more.

Esiunin

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For the first time the system was applied exactly when creating bitcoin. About the crypto-currencies they started talking as an innovative financial idea capable of changing the world. While it is difficult to predict whether bitcoin will become the currency of the future, or else a new and more sophisticated financial instrument will replace it. But the prospects for using blockade are already visible.
The possibilities of the blockade are exhausted: it can be used in finance, medicine, jurisprudence and many other spheres of life that require secure exchange of information.

Ertetert

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Ok, here is a wierd thought: It is arguable how good is cryptocurrency versus widely adopted fiat and all of already existing banking infrastructure.

But there is a niche where blockchain outshines existing technologies by orders of magnitude. And this is stock markets.

I mean modern stocks are still papers with fancy stamps, that are regulated by legislation and enforcement. And also there is a very complex financial and legal infrastructure to keep those stocks of different companies tradeable across the globe. And smart contract blockchain reduces this infrastructure and legislation enforcement bureaucracy to distributed network of computers.

World combined market cap of all paper assets is near $300trln.

All we need to move it to all-around better blockchain infrastructure is just legislation about smart contracts. A crypto stock should be legal equivalent of an ordinary stock if its coded to work the same way a stock would work.

Topic: Regulated blockchain is future of fintech (Read 193 times)