Before we can even ask questions about the broader use of this technology, we must first be sure that using this new technology is at least as secure, efficient and cost-effective in financial transactions as conventional technology. Blockchain technology could become a game changer, in the financial industry and, perhaps in particular, beyond.
The potential of blockchain technology is often compared to that of the internet. It should be remembered that it took some time before the truly beneficial applications of the internet emerged. With blockchain, we are only at the very beginning of a potential development of this kind. Innovations are the lifeblood of a continually developing economy. Moreover, evolution processes are never linear.