BLOCKCHAIN is ready to be fired at GLOBAL BANKS
The interconnected complex world of Global Banking is about to have BLOCKCHAIN fired at it from a cannon..!!
BLOCKCHAIN, Bitcoin's underlying Technology, is about to be fired into the complex and systemically connected Global Banking System and the results could be unimaginable..!!
The present Global Banking System has morphed from the ANTIQUATED and ANALOGUE System developed in the 1970's into the Global Digital Banking System that we know today.
However things are about to get interesting, and I mean VERY INTERESTING..!!
The Current Banking System is a complex network of Global Banks each effectively betting against each other in the form of GLOBAL FINANCIAL DERIVATIVES.
These GLOBAL FINANCIAL DERIVATIVES are balanced against DEBT and together form in essence the complete SYSTEM .
Today this SYSTEM is exceptionally fragile as these DERIVATIVES have pushed the boundaries of RISK to the limits of the SYSTEM.
Up until today there is NOT ONE Decentralised Platform that contains the total DERIVATIVES and one that could be used to model certain scenarios.
I have been banging on about this issue for over 18 months now and repeatedly have reiterated ".....that there is NOT ONE person on the Planet smart enough to calculate the Systemic Failure of such a SYSTEM..!!"
This is about to change..!!
BLOCKCHAIN is set to be applied to the GLOBAL FINANCIAL DEBT + DERIVATIVES and will for the first time allow this complex COCKTAIL of DEBT and BETS to be measured.
".......What could possibly go wrong..!!"
We are living in challenging and testing FINANCIAL times and the application of BLOCKCHAIN to GLOBAL FINANCIAL DEBT + DERIVATIVES is set to be written into the History Books and will go down as one of the most MAJOR FINANCIAL DISRUPTIONS of modern day.
This really is a GLOBAL FINANCIAL GAME CHANGER of EPIC PROPORTION and only time will tell the results of this Technological Revolution AFTER the cannon has been FIRED..!!
Thanks for reading.
Stephen