Blockchain: Open Source Money
adUnit = document.getElementById("google-ads-MbH6");
google_ad_client = "ca-pub-1897954795849722";
adUnit = document.getElementById("google-ads-MbH6");
adWidth = adUnit.offsetWidth;
if ( adWidth >= 999999 ) {
/* GETTING THE FIRST IF OUT OF THE WAY */
} else {
google_ad_slot = "0";
adUnit.style.display = "none";
}
By Susan Boskey
“Blockchains are simply distributed transaction processing engines. The technology allows data to be stored in a variety of different places while tracking the relationship between different parties to that data. Most people trying to explain blockchains like to compare it to a ledger. Anytime someone makes a transaction, such as a currency changing hands or a new device being added to a network, it is recorded in the chain and anyone can track what has happened. This is why law enforcement is so keen on Bitcoin—the digital footprints are easy to trace.” Fortune tech, Stacey Higginbotham, May 29, 2015
What if we lived in a world where global access to money was available to everyone because: Money zooms around the globe at the speed of digital as a peer-to-peer decentralized and cooperative process – no top-down banking system needed; where trust relationships happen automatically via digitally signed, permission-less transactions, destroying the inevitability of poverty?
Such is the utopian dream of tech developers. The next generation of computer networking gears up to surround the world for the greater good. Welcome to the intended blockchain (financial) transformation of the world.
Ignore it at your own peril.
My article of May 2016, “The Power Behind the Throne,” discusses the mostly under-reported, yet steady advancement, towards a cashless society via blockchain technology, and my thoughts about who really benefits. It could end up as the giant leap for the banking industry, gaining omnipotent control over our financial transactions. A Bloomberg article, Inside the Secret Meeting Where Wall Street Tested Digital Cash, May 2, 2016, cited representatives from Nasdaq, Citigroup Inc., Visa Inc., Fidelity, Fiserv Inc., Pfizer Inc. and others in attendance.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1470694951173-5'); });
(deployads = window.deployads || ).push({});