A survey of the early stages of a financial revolution
Beyond the hype around Bitcoin, there is a quieter revolution taking place as various governments and industries explore the potential uses of digital currencies and their underlying blockchain technologies. Governments as diverse as Russia, Japan, China and Dubai are developing state cryptocurrencies to supplement (and maybe even eventually replace?) their more tangible fiat currencies. Meanwhile, a whole range of industries from banking and finance to insurance and big tech are looking to streamline systems, lower costs, and explore new revenue streams by leveraging tokenized systems and public and private blockchain platforms.
As with any emerging and disruptive technologies, there are those industries and companies which sense new opportunities and want to get ahead of the game through early exploration and adoption, while others wait to see how things will shake out.Read More