How Blockchain is disrupting the Finance Industry
summary
Argues that blockchain already reduces counterparty friction by replacing intermediaries with smart contracts that auto‑release payments (example: cold‑chain seafood triggers payment on temperature logs), cuts cross‑border fees from ~$5.20 to ~$0.27 on $50 transfers, and powers live DeFi primitives — lending, decentralized exchanges and asset tokenization — which grow from 650M to 9.2B TVL in months. Notes mining economics (reward 6.25 BTC reward ≈ $70–75k per block), estimates industry drag of $1.6 trillion lost to fees, and reports working exchange and supply‑chain prototypes operating today.
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chapters (6)
- 0:00Start
- 2:46Financial Industry
- 20:00Relevant Blockchain features
- 29:02Current Financial System
- 34:53Decentralized Finance (DeFI)
- 42:19Conclusion: Disrupting Finance
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