How Bitcoin’s Underlying Technology Could Disrupt Financial Services | Bank Systems & Technology

How Bitcoin’s Underlying Technology Could Disrupt Financial Services

A new Celent report argues that the blockchain ledger the Bitcoin network relies on may be a bigger disruptive force than the currency itself.

Bitcoin’s potential as a financial tool is a hotly debated topic with strong advocates on both sides, but the real disruptive innovation of Bitcoin may be its underlying technology that supports its network, according to a new report by Celent.

Bitcoin transactions are recorded in a first-of-its-kind cryptographic ledger that serves as the trusted record for the entire Bitcoin network, and the underlying principles of that ledger could have a disruptive impact far beyond financial services, the report, titled “The Disruptive Potential of Bitcoin: Why Everyone in Financial Services Should Care,” argues.

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