Why Blockchain is Still a Decade from Mainstream
Chris Skinner is a banking and technology veteran who serves as the chairman of the Financial Services Club, a group created in 2004 to address the future of companies that serve financial markets. I'm often asked how quickly the changes I outline will take place, and my answer is between 10 and 20 years. The building of the real-time, almost free financial network on the Internet using blockchain and mobile will take about a decade at least before it becomes mainstream. "Oh," some go. "That's a way off. Can we talk about something happening sooner?" That's an interesting reaction, as....
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Bitcoin’s first decade was marked by considerable growth. The advent of decentralized finance (DeFI) could do the same for its next ten years. The post Following One Decade Of Growth, DeFi Could Guide Bitcoin’s Next appeared first on Bitcoin Magazine.
Per a survey published by Bitstamp, the crypto space is on track to become a mainstream industry. The platform conducted a survey with over 28,000 participants, 5,400 senior institutional decision-makers, and 23 retail investors, across 23 global markets to try and take a pulse on the sector. Related Reading | Dogecoin (DOGE) Jumps 30% After Elon Musk Buys Twitter Since its inception, digital assets have grown into a $2 trillion industry at its all-time high. Once an interesting way for tech-savvy individuals to send money across the world, the participants of Bitstamp’s survey claim....
Before, it was all about crypto prices. But now, the media is “starting to explore the benefits of public blockchains and decentralization.” The relationship between crypto and mainstream media (MSM) is complex, and it’s probably fair to say that some in the crypto community haven’t been overjoyed with the treatment they’ve received over the years. MSM has largely ignored Bitcoin (BTC) and other cryptocurrencies outside of occasional reports of hacks, ransomware attacks and other illicit activities. “They’ve done a fairly poor job of coverage for the last decade and it’s almost always....
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IT consulting giant Infosys believes that estimates for how long it will take blockchain technology to achieve mainstream adoption are greatly exaggerated. According to Infosys principal technology architect Peter Loop, work on blockchain applications will benefit from an accelerating pace of overall tech adoption that will soon put pressure on existing legacy financial solutions. "It’s not 10 years away. It’s years or less away. The way the pace of technology works, the way continuous integration works, these things will be integrated pretty quickly once it happens," Loop said in a new....