The financial industry, too, needs to come to grips with these “destructive” technologies. Mobile payment methods, for instance, could erode payment structures that have evolved over years. “Blockchain” technology is credited with having a particularly sobering impact on banks.
By using the global computer network, this technology is enabling all transactions conducted in the world of finance to be documented in a presumably forgery-proof, near-real-time and, above all, decentralised manner, ie potentially without central securities depositories or banks.