Finews.first: Jan Brzezek: «Blockchain is Set to Transform Traditional Finance»

I am convinced that the future of finance lies in the broader adoption of public blockchains, Jan Brzezek writes in an article for finews.first.
This article has been published on finews.first, a forum for authors specializing in economic and financial topics.

Source: finews.first | Author: Jan Brzezek

I expect every bank in Switzerland will be offering cryptocurrencies in the next two years and every bank in Europe in the next five years. They will then progress to tokenize assets like art and real estate within 10 to 15 years. And, lastly, I think decentralized finance (DeFi) based on blockchain technology has the potential to transform banking’s entire value chain over the next 30 years, bringing the benefits of lower fees and increased transparency to all aspects of finance.

While cryptocurrencies are known for their volatility, in fact, blockchain technology may…

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