How Blockchain Could Change Financeby Fintechnews Switzerland July 29, 2016
An animated explanation about How Blockchain Could Change Finance.
Blockchain is the technology that creates a ledger of transactions on the Internet that is secure and easily accessible. It quickens the ownership validation process, executes transactions in just minutes or even seconds. It also keeps tracks and makes sure all the payments are done properly. However, since it’s a decentralized system, once it goes wrong, there will be no one to sue and be responsible for, and there is the challenge of management.
In 3 minutes, this animation explains what blockchain is, how blockchain works, the financial uses of blockchain and it also covers the challenges and the risks from applying the blockchain trend into current ones.