Kraken, one of the biggest and most popular crypto exchanges, just got a charter as a US bank in Wyoming.
Distributed ledger tech is going to change EVERYTHING, from finance to inventorying, to management data to contracts, to EVERYTHING. It is going to be bigger than the internet in the degree it will upend everything it touches. Bottom line is that everything will be "peer to peer" and the confirmation and "rules keeping" aspects will be done by the nature of the blockchain itself. This will completely eliminate the "top down" management of banks, investment banking, law (including lawyers and judges and the court systems), supply chain strategy, etc etc.
Banking stands to take the biggest hit as an industry, with lending and investing moving almost completely away from a big centralized management to a distributed power. I looked for this change to happen,, but frankly not for another 5-10 years. This is huge.
Distributed ledger tech is going to change EVERYTHING, from finance to inventorying, to management data to contracts, to EVERYTHING. It is going to be bigger than the internet in the degree it will upend everything it touches. Bottom line is that everything will be "peer to peer" and the confirmation and "rules keeping" aspects will be done by the nature of the blockchain itself. This will completely eliminate the "top down" management of banks, investment banking, law (including lawyers and judges and the court systems), supply chain strategy, etc etc.
Banking stands to take the biggest hit as an industry, with lending and investing moving almost completely away from a big centralized management to a distributed power. I looked for this change to happen,, but frankly not for another 5-10 years. This is huge.