How Blockchain is disrupting the Finance Industry
summary
Claims that blockchain replaces intermediaries with a distributed ledger and smart contracts are illustrated with concrete numbers and products: global payments ~$110T and cross‑border $22T, remittances $690B losing ~$52B in fees, India remittance costs ~3.29% versus Sub‑Saharan ~9%, bitcoin mining reward 6.25 BTC (~$70–75k per 10 min), and DeFi growth from $650M in January to $11.21B by September as measured by total value locked. Examples built include a centralized exchange Barter Trade across four continents and working DeFi primitives—lending, DEXs, and asset tokenization—shown to cut time and fees.
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