In 2008, Satoshi Nakamoto An article written by a person or group named entered our lives with blockchain (blockchainI) definitioncontinues to grow stronger as one of today’s most popular and supra-ecosystem technologies.
Only nine page One article with starting blockchain adventure, today decentralized finance (AlsoFI) applications and With new trends like NFT continues to become popular.
Blockchain technologysi briefly; trustworthy, cannot be changeda shared, common distributed ledger happensak can be defined.
BlockchainIonly one digital Not a money project, he understood finance and financethey sayA structure that shakes us deeply.
BlockchainI‘nof potential
BlockchainI The potential of technology is being tested with studies and projects in many different business lines, especially finance. BlockchainI; digital rights, secure brokerage services (escrow)unchangeable smart of contracts (smart contracts) by testing all aspects of our lives in a very short time, more It looks like it will enter with solid foundations. When the studies carried out in many different business lines are examined, it can be seen that blockchain is divided into four main sections. by leaving It can be said that it is possible to evaluate;
• Smart Contracts
• Digital Coins
• Securities
• Record Keeping Tools
E-commerce applications, spherical payments and money transfers, peer-to-peer debt exchange and in microfinance studies, blockchainof The digital currency development opportunities it offers are used.
TDistributed ledger technology is beginning to be used in areas such as supply chain management, organization of health systems and vaccine reports, proving ownership and possession, and ensuring accuracy and trust in the voting and vote counting process, which is a pain in democratic countries.
The Transformation of the Financial Sector Has Already Begun!
year 2008n.d.a global financial sectoryour risk immediately published after bitcoin articlesi with finance of historyof One of the most critical turning points is happening And blokzinciriof large massesmeeting with It’s starting.
Nowadays allprinciples, your blockchainof evaluates application areas, blockchainofin to beings, the most popular to have applications competing. In this sense, China’s “Central Bank Digital Currency” application, yuan blockchainofto It aims to make China stand out all over the world with its financial technology. Following this step taken by China, studies on digital currencies from all over the world have accelerated. While countries such as Ukraine and Georgia announced that they had started their studies, “Sand dollarBahamas surprises everyone by being the first country to digitize its currency.
Blockchain in the USAI Its transformation is not much different from the rest of the world. The only difference is that the US is currently the world’s reserve currency. USA to the dollar to have and Fed President Powell Based on the latest statements made by , he thinks that it is not necessary to be a pioneer country for digital money. However, this situation may cause the USA to lag behind China in technology and finance. important It is seen as a parameter.Facebook Libra (ywith the name of width diem) project caused turmoil in traditional financial and supervisory institutions in the USA., Ripple Blockchain and cryptocurrency companies like (XRP) also SEC It’s on your radar.
BlockchainI The crisis pains experienced all over the world during the birth years of technology, the Covid-19 crisis with It creates a very suitable environment for this transformation to occur.
digital assets While its popularity as a store of value against inflation and aid packages worth trillions of dollars attract the interest of individual investors in crypto money and blockchain technology; Interest in this transformation leads to the formation of new initiatives, broad masses smart contracts, blockchainI projects and decentralized finance.
Transformation in the financial sector has already begun vto blockchainI technologies It is seen as one of the most important parts of this transformation with the solutions it brings to many important issues. Every small step taken to understand this change and capture the transformation will help us find ourselves in the new financial world of tomorrow. For those who don’t wonder, don’t learn, don’t ask, and don’t take any steps, I think there won’t even be a need to guess.
Source: Blockchain in the World of Finance – Bloomberg HT- 24 May 2021
