Disrupting the Financial Services Industry
One of the most controversial and highly debated topics out there at the moment, is Blockchain. The world’s smart and powerful people (Blythe Masters, Paul Krugman, Warren Buffet) are yet to reach a clear consensus as to whether this disruptive technology is a good or a bad evolution, but most agree it is indeed an evolution!
In an attempt to try and harness its potential disruptive power, hundreds of millions are being invested in Blockchain technology by companies from all industries across the globe. With this level of focus and hype, we want to help de-mystify what Blockchain is and how organisations can leverage its key features (security, transparency, full life-cycle transaction history, real-time, immutability and cost efficiency).
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In this article, based on our; research, interviews, and what we are seeing in the market, we seek to explain what Blockchain and its most famous use-case, Bitcoin, actually are and understand if it they are in fact real disruptors for the financial services sector as well as many other industries. To achieve this we seek to answer the following questions
- What is Blockchain?
- What is Bitcoin?
- Why is everyone talking about it?
- What could be the impact on the Financial Services Sector?
- How to get involved?