Research institutions call on the financial industry to release bitcoin concerns blockchain development
Bitcoin market volatility, including regulatory authorities in various countries, as well as the traditional financial sector re-approved it in troubled financial stability, but bitcoin encryption technology has become the favorite of the traditional financial industry. The study of sustainable research platform pointed out that blockchain is a technology that will completely change financial transactions. At present, the development of blockchain has had a great impact on bank transfers, financing and international transactions, but only one Small part only.
The Sustainable Research Platform The research team points out that the biggest breakthrough in blockchain comes from simplifying complex processes, verifying and documenting. This technology is a huge turning point for cross-border transactions, especially in rapidly growing countries, Financial markets no doubt hope to embrace blockchain as soon as possible.
The Trends Research Institute (TRI), an international research firm, notes that bitcoin is actually just one of the representatives of the digital money market. Governments are now better equipped with its cryptographic technology than its ICO digital currency Import digital financial development.
Sustainable research platform Research team analysis, in the context of shared growth and sustainable development, bring the blockchain into the best opportunity for international financial development in all countries, especially the integration of stakeholders in different fields, cross-cutting cooperation programs And so on, to facilitate seamless cross-border transactions, make full use of technology to improve efficiency, reduce transaction costs, more attractive for private investment.
Trend Institute believes that the use of blockchain technology in the multilateral development of financial institutions management, showing great potential, while the blockchain decentralized ledger, distributed super-accounts (Hyperledger), in addition to lower maintenance costs, But also provide higher security and stability. This has led some governments to start piloting small amounts of the official version of the digital currency. Russia may possibly use cryptocurrencies to challenge and contain the oil dollar in the oil trade.