[2015-09-01] ET: What you need to know about the future of blockchain

What you need to know about the future of blockchain

http://economictimes.indiatimes.com/industry/banking/finance/banking/what-you-need-to-know-about-the-future-of-blockchain/articleshow/48753930.cms

Blockchain is extremely disruptive, especially for traditional banks and fi nancial services firms that are still powered by expensive legacy, technology systems. For banks that have not kept up with advances in fintech and have not invested in new-age systems around mobile wallets and cryptocurrencies, the threat of disruption is greater. Experts see blockchain technology as hugely disruptive since it completely overhauls the traditional methods of transacting and maintaining online records, and allows banks and people to directly exchange money without having to rely on the additional, more expensive layers of middlemen.