Fintech

Note: initially published on Medium under the pseudonym Creole In the first post I wrote that blockchain technology will make it cheap and easy to transfer money. In the second post we took a brief look at what that world might look like. But blockchains won’t only be used for money. The same technology that makes it possible to cheaply and easily exchange digital currency is being adapted for other types of value, like shares of company stock or rewards points. The focus in the industry right now is in adapting blockchain technology to be suitable for the exchange of financial assets, and a staggering amount of money and energy is being invested into creating those platforms. ...

Note: initially published on Medium under the pseudonym Creole This is the first post of what I am calling Creole. The object is to convince a general audience that blockchain technologies like bitcoin and other “digital currencies” will have a large impact on our world. This isn’t a popular view. Today it is difficult to even explain what bitcoin is, or how a blockchain works. Proponents too-often rely on dense technical explanations, or vague gestures towards far-future use cases. To many this sounds dodgy. If this new technology is so great, why can’t you explain it? ...