Posts Tagged ‘Blockchain’
Olawale Daniel: Bitcoin Commodity
on Tuesday, May 19, 2020Olawale Daniel Money Quote saying cryptocurrency and the technology supporting it are distinct commodities, not portions of one another. Olawale Daniel said:
“You might think of bitcoin and blockchain as two halves of a whole, but in reality, they are very distinct commodities” — Olawale Daniel
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In this quote, Olawale Daniel seems to be distinguishing between bitcoin and blockchain technology. By stating that while they are “two halves of a whole”, they are also “very distinct commodities”, Daniel implies that bitcoin and blockchain are related but not synonymous. Bitcoin is a cryptocurrency that utilizes blockchain, but blockchain has applications beyond just bitcoin.
The quote conveys Daniel’s perspective that while bitcoin helped drive mainstream awareness of blockchain, the technology itself has uses that extend far beyond any single cryptocurrency. Overall, Daniel appears to be arguing that blockchain should be considered independently from bitcoin, as its distributed ledger capabilities have potential applications across industries, not just as the protocol underpinning one digital currency.
Giancarlo Bruno: Blockchain Beating Heart
on Thursday, August 18, 2016Giancarlo Bruno Money Quote saying as head of finance at the World Economic Forum that Blockchain tech will control the pulse of global financial services. Giancarlo Bruno said:
“Rather than to stay at the margins of the finance industry blockchain will become the beating heart of it” — Giancarlo Bruno
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Giancarlo Bruno, the head of finance at the World Economic Forum, blockchain technology will become central to global financial services in the future, rather than remaining on the margins. Bruno believes that blockchain will take on a core, controlling role similar to the way a heart controls the pulse of the body.
By using distributed ledger and cryptography techniques, blockchain aims to make financial record-keeping more secure, transparent and decentralized. Many see it as a way to reduce costs and improve transparency in areas like payments, currency exchanges and digital asset transactions.