What About Blockchain and Custody?
A lot of people are wondering what the killer app will be for blockchain. I see a lot of potential in various areas. One of them is custody. What do I mean by that?
In finance, equity is transferred between people. Someone has to hold the shares and prove that they exist. They have to record when the transaction happened, and the amount of the transaction. The big custody companies are Bank of New York, Fidelity, TDA, and the very large banks/brokerages. However, there is a tier of custody companies that facilitate private transactions.
I think that next tier is ripe for a blockchain solution. Custody companies charge quite a bit to hold, value and facilitate these private transactions. Blockchain could eliminate intermediaries and go point to point. Because it’s transparent, everyone could see that the transaction happened. There would be no chance that shares or other financial instruments could be falsified, so no threat of fraud. There is “proof of work”, meaning that we know one party bought, one sold, and the transfer happened. When the second party wants to do something with the shares/note, all they need to do is point to the blockchain and show that they are the true owner of the shares. Instantaneous trust.
One of the first places a lot of people saw the blockchain having value was with Title companies. In real estate, every buy/sell transaction means a visit to the title company. Blockchain could eliminate that bottleneck. It seems to me, this is just like custody arrangements.
The second tier of custody is dominated by a few firms and a lot of mom and pop businesses. It seems to me that a blockchain app could really bring a lot more efficiency to that market.
Source: http://pointsandfigures.com/2017/01/07/what-about-blockchain-and-custody/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,707,682,090 |
| Stories: | 8,448,277 |
Whistler Blowers, Insiders
