at least from a financial standpoint, blockchain technology has the potential to revolutionize the world. horváth experts outline the technology’s disruptive potential as well as some potential dangers. simply explained, blockchain is a decentralized, secure, and transparent mechanism for recording financial transactions in a massive, distributed ledger.
blockchain could eliminate data privacy, inefficiency and cost efficiencies. it could also open up investments and securities trading to anyone in the world. but barriers persist to edging out the mainstream – most notably regulators, financial institutions and consumers’ buy-in.
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