Decentralisation Of Financial Services Through Crypto And Blockchain - Juwan Lee @ TOKEN2049
Explore the profound future of financial services in 'Decentralisation Of Financial Services Through Crypto And Blockchain' by Juwan Lee at TOKEN2049. This compelling presentation delves into how blockchain and cryptocurrency are set to revolutionize the financial sector, emphasizing efficiency gains and the drive for financial inclusion. Lee highlights that a staggering 91% of banks are investing in blockchain, with applications ranging from cost-cutting measures to enhancing financial products.
Key insights include the role of blockchain in financial inclusion, providing affordable and accessible banking services, particularly in emerging markets with high mobile penetration. Discover the transformative potential of blockchain in trade finance, promising transparency and efficiency, and learn how asset management stands to benefit from distributed ledger technologies, simplifying investment processes.
Lee also examines the intersection of cryptocurrency and fiat currency, with countries such as Canada, Estonia, and Venezuela exploring digital currencies to enhance economic accessibility and implement cost-effective solutions. Concluding with a forward-looking perspective, Lee urges financial industries to address genuine challenges with blockchain solutions, ensuring that its implementation serves real-world needs.
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