November 8, 2015
"The blockchain is one of the most important innovations in the history of finance. Removing the middleman will transform how we transact, finance projects, and distribute capital" said Brian Kelly, investor and author of The Bitcoin Big Bang.
Blockchain technology enables bilateral settlement by eliminating midpoint failures, delays, collateral costs, and minimizes credit risks and exchange spreads.
- No central authority
- Elimination of Intermediaries
- Real-time settlement
- Drastic reduction in operational costs
- High levels of transparency
What is blockchain?
Blockchain is a transaction database shared by all nodes participating in a system. In essence, it is a distributed method of tracking and transferring assets online without need for a trusted party.