Second, some recent information technologies such as the "blockchain" and "distributed ledger technology," or DLT, have the potential to significantly affect money and ledgers, which are the basic infrastructure for financial activities. Moreover, wide-ranging innovations, which may significantly affect financial services, appeared almost simultaneously around the time of the global financial crisis.
First, smartphones such as the iPhone which was invented in 2007, enhanced the accessibility to various financial services. Then, in 2008 the new technologies of the blockchain and DLT were created. Moreover, artificial intelligence, or AI, and big data analytics have evolved greatly thanks to the dramatic increase in computing power.