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.
Comment on this summary
3 months agoMuy interesante, las startups fintech deberían contemplar también escenarios futuros de uso de criptomonedas
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