Blockchain is important because it represents the latest in an ongoing trend towards decentralization, disruption, and disintermediation made possible because of cloud technology and infrastructure.
Who’s being disintermediated you ask? Well look no further than your friendly banker. Maybe this explains the disdain Jamie Dimon and the rest of the financial community have for crypto’s?
Bottom line: The cloud that enables blockchain transactions must be more efficient if disintermediation takes place. Not only will it change the landscape of the financial services industry, but every part of life- from buying a house, to voting, will be affected.
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