The New Financial Paradigm:
Understanding Blockchains' Impact across the financial system - Report 2
This report addresses the challenge of overcoming incentive problems between those within a firm and those outside it. Corporate managers have greater information about the value of a firm than outside creditors and investors do. Unchecked, this information asymmetry can result in incentive mismatches between corporate managers, external creditors, and external investors, reducing firm value by causing:
“Blockchain will become the ‘beating heart’ of the global financial system.”1
- World Economic Forum
Rarely does a single technology impact the entire financial system. Now, blockchain is poised to do just that. How will financial practice change as a result? What do financial professionals need to know in order to benefit from a technology that MIT Media Lab director Joi Ito predicts “will do to the financial system what the internet did to media.”2
With Bitcoin and cryptocurrency prices in the news more and more these days a lot of people are asking, "What is this stuff and how does it work?" Lucky for you there are a slew of podcasters out there doing their best to inform people but with new podcasts popping up each day how do you know the right ones to listen to? To make it easy for you we've listened to almost every podcast on crypto and blockchain available to bring you our top 5 picks so you can start listening and learning today!
It’s hard to predict or understand how a new technology will be used, even when we’re given a lot of clues. It’s especially difficult to envision how a versatile technology, like the blockchain, will drive new products and services compared to a specific one, like a 3D printer. We take a look at how blockchain and cryptocurrency evolved this year in unexpected ways, and make our predictions for 2018, knowing full well the odds are against us.