This is just one of the many stories in recent weeks
about traditional financial systems hopping on the Bitcoin bandwagon.
Not exact matches
-- there is one aspect of the cryptocurrency that I believe can teach us something important
about the future of healthcare: Bitcoin and its coinish ilk are self - organizing
systems that operate utterly outside the
traditional structures and rules of
financial engagement.
For true believers, it's not just
about the price of a single investment, but instead a
system that they believe could circumvent
traditional governments by creating a decentralized, global
financial system that no single entity oversees.
We think that everyone in
financial services — from banks and
traditional payment
systems to insurance carriers and exchanges, central counterparty clearinghouses, and settlement
systems — should know and care
about Bitcoin.
NewsBTC started with sole focus on educating its readers
about Bitcoin and its potential impact on the
traditional financial systems has grown with the cryptocurrency industry to cover various altcoins, blockchain projects, crowdsales, regulatory developments and the futuristic confluence of some of the leading technologies of time viz., blockchain, artificial intelligence, internet of things and more.
But questions remain
about whether even those
financial incentives can convince states already grappling with a deep recession to overhaul troubled charter authorizing
systems, push aside political opposition and shift funds away from
traditional public schools.
A few weeks ago I wrote a piece (Babies and Bath Water)
about the harm that results to the
traditional the civil justice
system, if it is allowed to atrophy through the diversion of
financial and other resources to mediation.
For the past few years, many of the biggest players in the Bitcoin industry have talked
about the need to build bridges to the
traditional financial system.
According to Sohu, Qian stated in a discussion that «the issue of legal digital currency is of great significance» for China, and spoke
about the necessity for
traditional financial system stakeholders to set a strategy for blockchain technology.