3 Interesting Benefits of Blockchain and How It Can Change Finance
realtydao.substack.com
While I was in San Francisco a few years ago, I met with private equity expert and technologist Ankit Kumar, who would go on to mentor and teach me about blockchain technology. He essentially told me that blockchain technology and smart contracts are a new paradigm in computing. This allows a software program to make trustworthy commitments — something not possible before. This in turn enables instantaneous settlement of contracts with zero counterparty risk and an immutable auditable trail of the transaction — all at essentially zero cost. The use cases are infinite, especially in the world of finance. Projects such as Maker, Compound and Uniswap are now building the basic infrastructure of a stable digital currency, money market, and exchange. You will likely see an explosion of use cases across all segments of finance such as payments, real estate and insurance.
3 Interesting Benefits of Blockchain and How It Can Change Finance
3 Interesting Benefits of Blockchain and How…
3 Interesting Benefits of Blockchain and How It Can Change Finance
While I was in San Francisco a few years ago, I met with private equity expert and technologist Ankit Kumar, who would go on to mentor and teach me about blockchain technology. He essentially told me that blockchain technology and smart contracts are a new paradigm in computing. This allows a software program to make trustworthy commitments — something not possible before. This in turn enables instantaneous settlement of contracts with zero counterparty risk and an immutable auditable trail of the transaction — all at essentially zero cost. The use cases are infinite, especially in the world of finance. Projects such as Maker, Compound and Uniswap are now building the basic infrastructure of a stable digital currency, money market, and exchange. You will likely see an explosion of use cases across all segments of finance such as payments, real estate and insurance.