Blockchain technology could be used to bypass today’s centralised financial infrastructure entirely, according to a report by BBVA Research US.
The report, titled Blockchain Technology: The Ultimate Disruption in the Financial System notes that the application of blockchain technology would first be useful in the payments space, where it would eradicate the need for any intermediaries and significantly reduce costs for banks.
However, decentralised public ledgers could disrupt the financial system as a whole, adds the […]
