Insight To Action Inspirational Insights Podcast

How Disruptive Will Blockchain Be to Financial Services? Michael Mainelli

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Synopsis

When you swipe your card at your local coffee shop it takes 3-5 business days for the transaction to take place. Will blockchain change that? Blockchain tech refers to mutually distributed ledgers that underpins cryto-currencies like Bitcoin. Michael Mainelli started designing shared distributed ledgers 20 years ago . He’s a leading thinker in fintech and Emeritus Professor of Commerce at Gresham College, London. He is also the co-founder and Chairman of Z/Yen, the City of London’s leading commercial think-tank established in 1994 to promote societal advance through better finance and technology. In this episode you'll learn:What blockchain is and isn't and what it means to you.How blockchain will impact you and other possible applications. How disruptive will blockchain tech be and how are financial institutions responding.What applications are emerging out of mutual distributed ledgers.Will blockchain change the transaction fees charged by banks? What difference will blockchain make to t