Will Blockchain Trigger a Shakedown of the Global Financial System?

The financial crash of 2008 demonstrated (to some) that large financial institutions need to be closely watched and strictly regulated. The meltdown, some believe, also demonstrated the need for an alternative to complex, abuse-prone financial instruments held by few, and understood by even fewer.  Many believe that new tool could be the blockchain, with the new currency, Bitcoin, based on it. Could they put an end to the volatility and opacity of the financial sector? Today, cryptocurrencies are on everyone’s lips, with blockchain – a distributed peer-to-peer database – growing in its shadow, promising radical change.   This could be…...