World Economic Forum: Blockchain Is Inevitable Phenomenon, Bitcoin Will Follow?
A new report from the World Economic Forum predicts that the underlying technology introduced by the virtual currency Bitcoin will come to occupy a central place in the global financial system. The Blockchain has received what could be termed as it biggest endorsement yet since its creation. In a statement released with this report Giancarlo Bruno, the head of financial services industries, at the World Economic Forum, says: “Rather than to stay at the margins of the finance industry Blockchain will become the beating heart of it.” The unique characteristics of the Blockchain makes it....
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Blockchain has been named a World Economic Forum Technology Pioneer as an innovative company with the potential to significantly impact business and society through new technologies and advance the Fourth Industrial Revolution. Why Blockchain? Blockchain was recognized for transforming the $13 trillion financial services industry – by empowering millions across the globe to authenticate and transact immediately and without costly intermediaries. Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum, says: “Blockchain is among those companies helping to shape the Fourth....
The recent World Economic Forum report showcases the importance of blockchain technology in the future of financial infrastructure. Read more... A comprehensive report by the World Economic Forum released yesterday reiterates the importance of blockchain technology in global finance. The 129-page report presents the findings of an in-depth analysis of nine different use cases of the distributed ledger technology. The report titled “The Future of Financial Infrastructure – An ambitious look at how blockchain can reshape financial services” presents the findings from an earlier....
A survey by the World Economic Forum says the tipping point for bitcoin and blockchain adoption will happen by the year 2025. The majority of 800 executives and experts surveyed by the World Economic Forum (WEF) put the 6-year-old currency bitcoin, as well as the underlying blockchain technology, 10 percent of the world's Gross Domestic Product (GDP) running through the two technologies by 2025. The WEF was a bit more cautious with its own prediction and put 2027 as year they would reach the "tipping point." The WEF described the use of apps such as Smartcontracts.com, a website that....
On August 11, 2016, the World Economic Forum (WEF) released a 300-page report entitled "The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services," exploring how the financial sector “could overcome current-state pain points through distributed ledger technology (DLT).” The WEF has been one of the most vociferous advocates for the potential of the blockchain technology. Bitcoin Magazine reported that in 2015 the WEF predicted that blockchain technology was one of the 21 changes in technological transformations and that the tipping....
A look at the challenging task of integrating the radical crypto world into the establishment with Adrian Monck of the World Economic Forum.