To sum up what the blockchain is; it is a computer protocol enabling distributed ledgers and promising almost instantaneous and near free-value transactions. Money and assets can be moved without a central authority; validation is performed via a peer-to-peer network without the need for intermediaries to authenticate, clear or settle transactions. And blockchain’s next development step, smart contracts, can automatise a series of blockchain-based actions and thereby have a disruptive impact, not only on payments but the economy as a whole.
You can learn more about blockchain and its applications to financial services in other videos here: https://financeunlocked.com/blockchain-1-4-key-concepts/
Igor is the author of “Blockchain Babel: The Crypto-Craze and the Challenge to Business.” The book was a Financial Times Book of the Month and a finalist in the Bracken Bower Prize. He has published more than 50 articles on blockchain and financial technology. Moreover, Igor is the Head of Marketing and Product Management for BNP Paribas Personal Finance in Austria.
You can find more of Igor Pejic’s videos here: https://financeunlocked.com/expert/igor-pejicfinanceunlocked-com/
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