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| comment | | "parent_author":"",<br>"parent_permlink":"research",<br>"author":"hessam",<br>"permlink":"deutsche-bank-blockchain-opportunities-are-huge",<br>"title":"Deutsche Bank: Blockchain Opportunities Are 'Huge'",<br>"body":"Blockchain technology could represent a major shift in how companies conduct their business,<br> according to Deutsche Bank's chief investment officer.\n\nIn a slide presentation this month,<br> Christian Nolting,<br> also the bank\u2019s global head of wealth,<br> and Marcus Muller,<br> global head of the CIO office,<br> explained how digital currencies and blockchains work and predicted where they would go in the future.\n\nAccording to the presentation,<br> the \u201copportunities associated with blockchain technologies are huge,<br>\u201d and could be fully put into practice within the next few years.\n\nThe bankers predicted that roughly 10% of the global gross domestic product (GDP) would be tracked or otherwise \"regulated\" by a blockchain by 2027.\n\nThe presentation said:\n\n\u201cWe expect that the blockchain will change the business model of companies in a sustained way. The blockchain technology enables a faster and cheaper exchange of assets and financial products between individuals without an [intermediary ,<br> which reduces the asymmetry of information between the individuals.\u201d\n\nLukewarm on currencies\n\nWhile blockchain technology is promising,<br> cryptocurrencies are less so,<br> according to the presentation. The bank is classifying digital currencies as \"highly speculative\" given their lack of intrinsic value or backing from a central bank.\n\nThough cryptocurrencies could represent an alternative to fiat currencies,<br> especially in nations with runaway inflation,<br> they need more regulation and security to become a proper asset class,<br> according to the presentation.\n\nDigital currencies in general could evolve in a number of possible ways,<br> with some of the main factors affecting their growth being government intervention and competition between different currencies.\n\nThe potential for hard forks creating new currencies is also a potential cause for concern,<br> since it could lead to inflation,<br> the presentation stated.",<br>"json_metadata":" \"tags\":[\"research\",<br>\"banking\",<br>\"deutsche\",<br>\"bank\",<br>\"blockchin\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " | | vote | "voter":"hessam",
"author":"hessam",
"permlink":"deutsche-bank-blockchain-opportunities-are-huge",
"weight":10000 |
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