Brawl at the Gates: How Distributed Ledger Technology Is Transforming the Financial Services Sector
22 Pages Posted: 20 Jun 2019
Date Written: June 7, 2019
Rarely does an idea evoke such intensity of extreme emotions, as in the case of the distributed ledger technology (DLT) and its native digital currency system called Bitcoin. The technology together with its ecosystem was even investigated before the US Senat Committee, where it was strenuously attacked by the critics. This article is concerned with the gradual process of assimilating DLT within the finance industry. Its main purpose is to draw attention to a set of important transformative implications DLT might have on the interaction, business processes, and growth opportunities of the financial intermediaries in the near future.
Keywords: Blockchain, Distributed Ledger Technology, Cryptocurrency, Smart Contract, Bitcoin, Fintech, Financial Services Sector, Finance Sector
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