…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
…1) bitcoin-inspired distributed systems2) open APIs (application programming interface) as a new way to consumer business services on the internet3) crowd-sourced identity schemes4) open source hardware and applicationsHow can the traditional industry players prepare for such changes?
…However, the underlying technology of the blockchain is different altogether.
Open Trade Docs (formerly Debune) and Otonomos are two interesting use cases. Otonomos in particular helps manage all your commercial corporate actions in the blockchain. NASDAQ is already working with a blockchain startup to allow the trading of shares of privately-owned firms.
…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
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