Understanding blockchain and the opportunity for financial institutions

  Image Source:Article

Image Source:Article

Big financial transactions have been virtual for a long time, moving around the world via banking and corporate systems, tallied up in spreadsheets or as loans. Now, however, we are seeing how everyday money and currencies are going digital with the rise of cryptocurrencies such as Bitcoin – as an alternative to ‘hard cash’. The Wall Street Journal recently called Bitcoin “one of the most powerful innovations in finance in 500 years” while the currency was recently deemed a commodity in the US.

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