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Title: [2015-07-30] Adam Back explains how blockchain will prevent another banking cris Post by: LiteCoinGuy on July 30, 2015, 02:44:39 PM Adam Back explains how blockchain will prevent another banking crisis
The removal of trust from banking systems, brought about by the real-time audit effect of bitcoin's technology, would avert future financial crises like the one we saw unfold in 2008. Adam Back, the founder and president of Blockstream, describes bitcoin's validating blockchain technology as "a protocol upgrade for the world's financial networks which is maybe more open than it has been in the past". http://www.ibtimes.co.uk/godfather-bitcoin-adam-back-explains-how-blockchain-will-prevent-another-banking-crisis-1513377 |