The Problem with the World of Finance

Over the last decade, the entire global financial landscape has changed irrevocably, completely upending the world of traditional finance. The transition from a centralized to a decentralized, digital one has caught most by surprise. As tech entrepreneur and cryptocurrency advocate Andreas Antonopoulos said, when an industry, such as finance, transitions to a more decentralized and open model then a “tsunami of innovation that was pent up for decades is suddenly released”. It is our considered opinion he is most certainly correct. We are in the early stages of a comprehensive paradigm shift that will alter every high technology industry on earth. With the emergence of block chain technology and the meteoric expansion of the digital asset space it has enabled, we are about to witness the economic and technological equivalent of a global tsunami of innovation. Soon we all will look back on quaint traditional finance norms and wonder how we ever endured the centralization, the poor but expensive services, the lack of flexibility and accountability . Antiquated and highly distrusted, the current system of banking and finance reflects attitudes more at home to the early 20th century than the 21st century. The global markets as they stand currently remain largely controlled by governments and central banks, an arrangement that tends to benefit a relatively select few. This system is plagued with a lack of transparency and responsiveness to the needs of most people.