Blockchain Lectures by the SmartCredit.io Co-Founders have been given in Zurich and Basel. SmartCredit.io Co-Founders know the financial system, the credit system, and the monetary system inside out.
Many know the Bitcoin, it is a genius innovation, which enables government independent money. But Bitcoin implication is much bigger – it enables the new “base-money”, it’s new digital gold. Let’s think that the gold system was one of the most successful monetary systems in history. It enabled the emergence of the middle class.
Bitcoin has all the properties of gold as money, but it’s additionally digital – it’s easily transferable. One will not need the New York Fed gold vaults to keep the gold and to move a mean of payment physically from one cage into the next one. The money (Bitcoin) can be transferred digitally instead.
When looking beyond the Bitcoin, then the key use cases in Blockchain are in Finance. Of course, Blockchain enables disintermediation in many industry sectors. However, the key benefit from the blockchain is coming from decentral custody of your assets, which enables everyone to control his assets without the middlemen. When we add on top of this additional traditional financial services, then we are getting a fully blockchain-based alternate financial system, independent from the traditional financial sector.
That’s why the focus in our Blockchain Lectures is on the use cases in finance.