Today, we’re on the precipice of what could be the largest transformational period in global history. With the first Industrial Revolution, new technologies like assembly lines, factories and transportation fundamentally changed society. This time, instead of cogwheels doing the work, blockchain-based digitalization will continue to drive transactions. Specifically, this latest phase of progress has its sights set on a massive industry ripe for disruption: finance.
Digital finance and the monetary system is leveraging decentralized blockchain technology to modernize financial markets. Dominant players in these systems include the world’s biggest financial institutions and global central banks. Read more…..
Chart of the Day
Bill Gates discusses how the Bill & Melinda Gates Foundation is helping the world’s poorest to save money and make financial transactions, and how the private sector should be involved.