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Title: [2015-10-24] Chain.com CEO Adam Ludwin On How Money Will Become Digital Post by: LiteCoinGuy on October 24, 2015, 10:12:14 AM Chain.com CEO Adam Ludwin On How Money Will Become Digital
Over the next couple decades, Bitcoin’s blockchain technology, which allows financial transactions to be recorded using distributed ledgers, obviating the need for a middleman, is going to remake the way we handle money. Dollars will become digital, as will many other financial assets such as loyalty points, gift card points, mobile minutes, energy credits and more. San Francisco-based Chain.com is one Bitcoin startup working on building out this future — in the company’s case, it is providing the technical tools for large institutions and other digital currency startups to use the Bitcoin protocol (and will add other protocols as it sees fit). http://www.forbes.com/sites/laurashin/2015/10/21/qa-chain-com-ceo-adam-ludwin-on-how-money-will-become-digital/ Title: Re: [2015-10-24] Chain.com CEO Adam Ludwin On How Money Will Become Digital Post by: RustyNomad on October 24, 2015, 12:01:41 PM Nice article and have to agree with him that banks and or financial institutions need to define their role in the new ecosystem. It will not just be a matter of grabbing and or implementing a blockchain solution but rather one of them having to go through a mindshift of sorts to determine what their role will be in the new digital ecosystem.
Quote The thing I’m trying to convey now to financial executives is that the blockchain is not a thing you can just apply to your financial systems to make them better — it’s not like a fresh coat of paint where you just put it on and everything is new and fun and sparkly. The blockchain is about enabling the emergence of digital assets and a whole economy where these digital assets are traded and handled and moved around. |