Adam Back explains how the real-time audit effect of the blockchain would avert future financial crises.
Blockchain could prevent another banking crisis
The removal of trust from banking systems, brought about by the real-time audit effect of bitcoin's technology, would avert future financial crises like the one we saw unfold in 2008. Adam Back, the founder and president of Blockstream, describes bitcoin's validating blockchain technology as "a protocol upgrade for the world's financial networks which is maybe more open than it has been in the past".
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