Summary of Blockchain and Financial Market Innovation

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Blockchain and Financial Market Innovation summary
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Rating

8 Overall

8 Importance

7 Innovation

8 Style


Recommendation

Bitcoin, Ethereum, Zcash and other cryptocurrencies are monetary exchange media that are massively disrupting traditional banking platforms. Behind these digital tenders, however, is the innovative framework of blockchain, which is transforming myriad industries, perhaps none more rapidly than the financial sector. Fintech experts Rebecca Lewis, John McPartland and Rajeev Ranjan provide clarity and detail on the distributed ledger technology, along with important insights into its evolution. getAbstract recommends this robust primer to investors and executives.

In this summary, you will learn

  • What blockchain and distributed ledgers are;
  • How the “permissioned networks” that will transform financial markets differ from “permissionless networks,” such as that of bitcoin; and
  • What opportunities accompany the growth of this innovation.
 

About the Authors

Rebecca Lewis is a financial analyst at the Federal Reserve Bank of Chicago, where John McPartland is a senior policy adviser. Rajeev Ranjan is a senior vice president at Citigroup.

 

Summary

While cryptocurrencies generate headlines, the pioneering infrastructure behind them is blockchain, also known as distributed ledger technology (DLT). DLT is unique in that users – or “nodes” – record their own data and communicate the changes to the network in real time, rather than relying on a central institution.


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    BRAD RASHEED BARBA FARRO 7 months ago
    Muy interesante, las startups fintech deberían contemplar también escenarios futuros de uso de criptomonedas