Watching the news! And they have no clue why the Financial Sector is down after the Republicans deregulated their industry earlier this year. The Financials should be booming. I was talking with a CPA with no knowledge of digital currency. However, what I do see is my mortgage exchanging hands again and again. Anyone remember, “Default Credit Swap? ” rings a bell. With all the deregulation and government spending rising, we are on the way of repeating 2008 Financial Crisis.
Blockchain is still an emerging technology. The financial services will feel the first wave of this technology. The accountants will see that the blockchain will keep indelible records of all key transactions over a reporting period. No more internal audits that allows for fraud. Blockchain assures records are private, secure, and immutable. With all the Blockchain benefits listed above, the finance sector will finally get bailed out.