Potentially more significant than Bitcoin’s role as a form of money, we are also big believers in the power of the blockchain architecture for a broad range of applications that leverage the open, distributed public ledger.
Tim Berners-Lee’s seminal paper on the web in 1989 contained a bold vision for a radically, egalitarian and decentralised platform which has now become the world’s repository for information
The financial system will need to be a platform that federates existing players (such as banks) and new players (such as telecommunication companies… )
1) bitcoin-inspired distributed systems
2) open APIs (application programming interface) as a new way to consumer business services on the internet
3) crowd-sourced identity schemes
4) open source hardware and applications
How can the traditional industry players prepare for such changes?
Digital Currency / #Bitcoin Related Technology Could Accelerate Trading & Transaction Settlement on #Wall Street
They added: “It is not bitcoin itself that has the potential for changing the institutional capital markets. The #blockchain, the technology that allows bitcoin to exist and be transferred safely without an intermediary, presents a much bigger opportunity for financial services firms.”
“Can Bitcoin and the blockchain be separated