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CFA SINGAPORE INSIGHTS

Is blockchain the new Internet for finance?

The scale of change that blockchain will bring is underestimated by us all - individuals and businesses alike

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When all ecosystem actors are connected to a common blockchain network, each possesses a synchronised version of the same database, which can be queried at any time to find out account balances of currency and goods. This reduces the number of intermediaries required to process this transaction substantially, and in fact makes it more secure.

REMEMBER a time when there was no such thing as the Internet? Don't blame yourself if you can't. Such has been the speed and pervasiveness with which the worldwide web has become available to every person, that we seldom realise that it is just over 30 years old. And in that short time, it has...

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