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Explained: Blockchains and their disruptive power

India’s Economic Times has a good explainer on blockchain and DLT that highlights the implications of the technologies for banking and financial services.

It opens by asking the reader to imagine a world where money can be sent to anyone without the need for a bank, with no bank fees, complete control over assets, and where no government can manipulate the value of hard-earned money. It asserts that such a world is already possible through blockchain and related technologies.

With a balanced view, the article outlines some of the advantages of blockchain, such as accuracy, lower transaction costs, and the distributed nature of the infrastructure, as well as some of the darker aspects of cryptocurrencies, and serves as a good introduction to the impacts already being seen.

Read more.

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