Many times we try to explain this simple concept, clear to Fintech expert.
take a look at this article.
https://strathprints.strath.ac.uk/59818/1/Broby_Paul_JCISI2017_Blockchain_and_its_use_in_financial_settlements_and_transactions.pdf
Abstract
Blockchain is the technology at the core of what could become the “Fintech” transformation of capital markets. It can potentially facilitate cheaper, more efficient and secure operations. The mechanism behind it is introduced in this paper, as are its uses and suggested areas for future academic research. The paper critically reviews the promise that blockchain and distributed ledgers will speed up financial settlements and transactions. In it we recommend financial institutions evaluate the adoption of blockchain and/or adapt their existing legacy systems to allow for digital clearing over the internet.
Yoga Teacher - Life Coach - Traveler
7 年Really interesting and authoritative explanation of how the safety, reliability and effectiveness of blockchain will result in more efficient and less expensive financial operations. Certainly useful to evangelize our customers.