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The Impact of Blockchain Technology on Finance: A Catalyst for Change

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The 21st Geneva Report on the World Economy first provides a summary review of the basics of blockchain technology and its challenges, costs, and benefits. It then gives an overview of blockchain technology and the potential direct impact on the financial sector, including a discussion of tokens, initial coin offerings (ICOs), and crypto-exchanges—all salient regulatory and market issues today. Building on this, it assesses possible use cases beyond the world of finance.

106 pages, Paperback

Published July 16, 2018

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About the author

Michael J. Casey

9 books49 followers
A native of Perth, Western Australia,
Michael Casey is writer and researcher in the fields of economics, finance, and digital technology and culture. He is currently Senior Advisor for the Digital Currency Initiative at MIT's renowned Media Lab, while also providing consulting services and speaking globally on the evolving digital governance of the global economy. Casey was previously a journalists, including 18 years at the Wall Street Journal covering global economics and markets.
He is the author of four books. Che's Afterlife: The Legacy of an Image (Vintage, 2009) is a history of and cultural commentary on Alberto Korda's famous image of Che Guevara, the world's most reproduced photographic image. It was chosen as one of New York Times' critic Michiko Kakutani's Top Ten picks of 2009. The Unfair Trade: How Our Broken Global Financial System Destroys the Middle Class (Crown, 2012) looks at the global financial crisis through the stories of ordinary citizens around the world. The Age of Cryptocurrency: How Bitcoin and the Blockchain are Challenging the Global Economic Order (co-authored with Paul Vigna; St. Martin's Press, 2015) is an expose on the economic, cultural and political changes heralded by the technology behind bitcoin and digital currencies. Finally,

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Profile Image for Raoul Grouls.
15 reviews14 followers
May 4, 2022
Gary Gensler dscribes himself as "neither minimalist nor maximalist, but curious". This text is a reflection of that. It gives a brief overview in the topic, which was nothing new but interestingly put. The authors just describe the dynamic very clear. Then, the book explores equally vulnerabilities and the potential that the whole blockchain tech might have, in all it's diversity. I found it refreshing to read about everything else but the currencies: Know Your Customer management, Healthrecords transfers and the management who has access, supply chains, etc. Everything intermingled with interesting combinations like zero knowledge proofs.
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