[2015-11-11] Understanding FinTech – Blockchain Technology Is The Future

[jdebunt]

http://fintechist.com/understanding-fintech-blockchain-technology-is-the-future/

When discussing how people can change the financial landscape for good, there is one flaw to be found in most theories. No matter how easy companies make it for consumers to use traditional payment methods, there is no real innovation to be found in that regard. Coming up with completely new payment options, which do not rely on traditional financial infrastructure, is true FinTech innovation. Blockchain technology will play a major role in achieving that goal.

[koura_cc]

http://fintechist.com/understanding-fintech-blockchain-technology-is-the-future/

When discussing how people can change the financial landscape for good, there is one flaw to be found in most theories. No matter how easy companies make it for consumers to use traditional payment methods, there is no real innovation to be found in that regard. Coming up with completely new payment options, which do not rely on traditional financial infrastructure, is true FinTech innovation. Blockchain technology will play a major role in achieving that goal.

The impact it could generate in the future is something that cannot be overlooked since it's even being called the "third technological democratization": the first was the Internet, then 3D printing and Blockchain is poised to become third place; mainly through the revolution of the digital assets system. The sector that is currently taking a clear advantage of blockchain is FinTech, which alongside its most serious efforts to solve the scalability problem for blockchain assets and its implementation on current models, can represent a solution to the limitations many industries are still bound to.

[chaoscoinz]

http://fintechist.com/understanding-fintech-blockchain-technology-is-the-future/

When discussing how people can change the financial landscape for good, there is one flaw to be found in most theories. No matter how easy companies make it for consumers to use traditional payment methods, there is no real innovation to be found in that regard. Coming up with completely new payment options, which do not rely on traditional financial infrastructure, is true FinTech innovation. Blockchain technology will play a major role in achieving that goal.

I agree, modern day finance is the standard and it's tried and true but as technological advancements increase the further behind the old system becomes. The reason why Blockchain and Bitcoin are so controversial is because it takes modern day finance and completely flips it on it's head. Blockchain is a complete paradigm shift because the old technology relies on the old centralized authority model wheres as Bitcoin and blockchain offers transparency and decentralization taking away some control from the authoritarian financial institutions.
  I believe this is why congress is giving Zuckerberg such a hard time because Libra would be a literally financial sector disruption. It's putting the investors on the edge about staying aboard because as of late many are jumping ship.

[rodel caling]

http://fintechist.com/understanding-fintech-blockchain-technology-is-the-future/

When discussing how people can change the financial landscape for good, there is one flaw to be found in most theories. No matter how easy companies make it for consumers to use traditional payment methods, there is no real innovation to be found in that regard. Coming up with completely new payment options, which do not rely on traditional financial infrastructure, is true FinTech innovation. Blockchain technology will play a major role in achieving that goal.

Absolutely now that proven blockchan technology is continues to success and the future of digital money is now trending world wide but of course so far not all government in very states are not believe into technology but hoping someday government against thus new digital money realized is important thung in the future if this new era of technology.