Blockchain, a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded publicly and\u00a0 chronologically, will challenge and disrupt present centralized business models and the financial services sector.<\/p>\n
The core fabric of the blockchain network which has the ability to potentially remove intermediaries or disrupt their current operating models, while allowing transactions to be securely maintained.\u00a0 By removing layers of intermediation, banks are more likely to cooperate.\u00a0 Furthermore, systemic risk can be reduced by moving towards a tamper-proof decentralized ledger where there is a single point of truth.<\/p>\n
The core business model of banks is constantly being disrupted, and the blockchain is sure to be a driver of change in the years to come.\u00a0 By moving money in different ways, there will be an increasing number of new financial products, as well as lower barriers to entry and greater competition in a more globalized marketplace.<\/p>\n
https:\/\/www.finextra.com\/blogposting\/13823\/how-blockchain-will-change-the-future-of-financial-service-sector<\/p>\n","protected":false},"excerpt":{"rendered":"
Blockchain, a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded publicly and\u00a0 chronologically, will challenge and disrupt present centralized business models and the financial services sector. The core fabric of the blockchain network which has the ability to potentially remove intermediaries or disrupt their current operating models, while allowing transactions … Continue reading How Blockchain will Change Fintech<\/span><\/a><\/p>\n","protected":false},"author":1795,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1723","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"exwu","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/exwu\/"},"qubely_comment":0,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"Blockchain, a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded publicly and\u00a0 chronologically, will challenge and disrupt present centralized business models and the financial services sector. The core fabric of the blockchain network which has the ability to potentially remove intermediaries or disrupt their current operating models, while allowing transactions…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1795"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=1723"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1723\/revisions"}],"predecessor-version":[{"id":1725,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1723\/revisions\/1725"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=1723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=1723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=1723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}