Blockchain will revolutionize the financial world

https://thefintechtimes.com/wp-content/uploads/2018/03/blockchain-handshake-660x330.jpeg We live in a world that is increasingly global and interconnected. And yet our financial systems are parochial, insular, and they’re separated. If you look at it from a network perspective, there are systems of money for transmitting small amounts and systems of money for transmitting large amounts. Systems of money for consumer payments, systems of money for business-to-business payments. All of these are separated geographically based on borders, legal jurisdictions, nation-states. What the structure produces is separation. It means that, as people, we are less and less free to transact with the rest of the world. #### And we’re about to disrupt all that. #### The issue here is that we’re now creating a system that is threatening the largest industry in the world, and that is finance. They are going to object. They are going to push back, and they’re going to use the most common and effective emotional tactic there is, which is fear. They will treat you in such a way as if you are idiots and try to persuade you that this is something to fear. Payment processors are going to be affected. These enormous companies charge higher fees to send money to poorer destination countries, a situation that is exploitative and corrupt. These organizations make enormous profits for a function that can be done in bitcoin or other cryptocurrencies nearly for free. **As the adage of the entire internet once went, “I just replaced your entire industry with 100 lines of Python code,” that’s exactly what we’re doing.**