Blockchain Revolution

THE GOLDEN EIGHT: HOW THE FINANCIAL SERVICES SECTOR WILL
CHANGE
Here are what we believe to be the eight core functions ripe for disruption. They are
also summarized in the table
here
.
1. Authenticating Identity and Value: Today we rely on powerful
intermediaries to establish trust and verify identity in a financial transaction.
These intermediaries are the ultimate arbiters for access to basic financial
services, such as bank accounts and loans. Blockchain lowers and sometimes
eliminates trust altogether in certain transactions. The technology will also
enable peers to establish identity that is verifiable, robust, and
cryptographically secure and to establish trust when trust is needed.