Blockchain to revolutionise global finance

The internet is so yesterday, delegates at the World Economic Forum in Tianjin heard, as panellists played up the potential of the online data ledger technology.

Blockchain, the emerging technology that underpins a powerful new online data ledger system, will radically transform the world of banking and finance things will never be the same again.

That was among the strongest messages at this year's World Economic Forum, as the rich, powerful, and smart converged on the northeastern Chinese city of Tianjin in late June.

“Blockchain will revolutionise banking and financial services as we know it,” Pierre Gramegna, finance minister of Luxembourg, said at the three-day forum, dubbed the “Summer Davos”.

“It is possible that blockchain will replace the word internet’. By the time our children have...

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