Blockchain and its cryptocurrency application – Bitcoin are still in their nascent stage but are all set to become the biggest revolution in the finance industry.
Just as search engines like Google have disrupted the Internet and peer-to-peer file sharing has transformed the face of the recording industry, bitcoin and its blockchain technology with its associated ecosystem will eventually force financial organizations to review and alter their traditional roles, infrastructure.
Ethereum is one such company that came out of blockchain ecosystem passed billion benchmark and became the first independent non-affiliated Unicorn. Average people are still skeptical about this tech-driven utopia, but big investors already have their money on it.
Blockchain is far more holistic and much bigger than Bitcoin. It can create a global infrastructure to leverage our needs for big data and create a digital identity that can power the present issues of cybersecurity. Many tech companies and banks are coming to terms with the fact that sooner or later, blockchains will become a critical part of the technological and financial system.
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How Blockchain Technology will help revolutionize the Stock Market