Bitcoin Blockchain, Banks and the Future of Decentralisation
2015 will be remembered as the year bitcoin and its blockchain entered the mainstream, penetrating the highest levels of the global financial system, the arts, and social media, even what at the moment is known as the internet itself, but at what cost will this be as we move forward to its core principle of decentralisation? Bitcoin first appeared on the scene after the height of the global financial crisis in 2009 as an experimental alternative to the current system of central banking. This was the first time in history people could send value worldwide instantly, practically free without....
Related News
In the airless Wall Street offices, only 1% get chances to cut the best deals. Decentralisation made people change their focus: from trying to chase after the traditional venture capitalists to following the newest decentralisation trends given by new technologies and economic models. This seems to be a way more successful strategy. Let’s take the […]
One of the core principles of web3 gaming is the idea of decentralisation–more specifically, decentralised ownership of assets. But, the teams at Unix Gaming & Delysium believe that by limiting decentralisation to assets, developers have also been limiting themselves.
What started as a desire to create a genuinely next-gen open-world title, even attracting investment from companies like Y Combinator, Delysium has expanded beyond its original confines. Instead, the team at Delysium recently announced that their game would be available for multiverse operators to publish....
The debate over Bitcoin’s future relationship with the banking system has come a long way in the last year. In 2014, the discussion was speculative for the most part, as major banks had not yet weighed in on the digital currency. However, in the first half of 2015, banks began taking more interest in Bitcoin. More specifically, several banks have been....
As we pointed out in our previous interviews with a lot of highly educated and important people inside the financial sector, the banks are looking at Bitcoin and its technology. Recently some banks have come forward into admitting that they are “looking into Bitcoin and the blockchain technology”. Among these banks are 3 Dutch banks: Rabo Bank, ING and ABN Amro. It is true that the Dutch government and financial oversight commissions have urged caution with the whole digital currency. Nevertheless our predictions from last year have rung true. We said in many articles that the banks,....
Banks didn’t plan for the blockchain. It just happened in front of them in 2015. But, they have been thinking a lot about its implications. 2015 was the year that banks started to wonder about their blockchain strategy. Banks that didn't have such a strategy were considered laggards. But despite its revolutionary prognosis, the blockchain doesn't signal the end of banking, because the banks aren’t going to use it to disrupt or obsolete themselves. Rather, they will guide it to live within the regulated constraints of their world. The good news is blockchain implementations help banks....