Renato Zamagna

Subtitle: The finance industry is undergoing a radical shift in light speed. Institutions around the world have no option but to adapt, and conform to the evolution of the financial systems. People can expect significant changes to money transactions and management in the coming future. Title: Why blockchain technology and cryptocurrencies are the future of finance Intro: Blockchain technology and cryptocurrencies have been central in financial conversation throughout the industry. There are the lovers and the haters, but the fact that distributed ledger technology will disrupt financial institutions and the global economy is indisputable. That is according to one of the most influential names in global finance Christiane Lagarde (International Monetary Fund director). She has made the significant statement "cryptocurrencies could displace central banks and international banking". This displacement implies that the power over financial systems will be taken away from institutions and governments, and given to who it truly belongs, the people. In this article we will cover some examples of what is about to change in regards the current finical systems and how it will affect the world. Blockchain technology core features Immutability Better record keeping Trasnparency More certainty for less effort Autonomy Never having to apologise for the mistake of others Reduce the risk of fraud Change the money transfer process It will keel companies and individuals accountable Examples of how blockchain and cryptocurrencies will change the financial systems Offer a stable alternative to unstable national currencies Give people control over their money Loss of government and institution control It will make the world financially borderless Inclusion of billions on unbanked individuals into the global economy Conclusion: Follow us