The co-founder of Yahoo, Jerry Yang, said the hat blockchain is a natural technology for banks and businesses. He also talked about how he can succeed and evolve in the future. The comments were reported by Finews Asia.
During the Nikkei Innovation Asia Forum in Singapore, Yang it was part of a discussion entitled "Rising Tides of Innovation in Asia". There, he talked about blockchain technology and how to create trust. According to some reports, he believes that trust must be established not only between individuals and society, but also between states.
He then spoke about blockchain and how it can be embraced by banks and businesses. He also asked the public how to build trust.
By the way, he said:
"Blockchain is a natural technology for banks and commerce: If you look at the institutions and banks in the United States, the type of infrastructure you are developing has long-term implications." For technology to succeed, the question is whether it can be built confidence? This can open a huge number of doors. "
Yang also commented that there are positive and negative things between the rivalry between the United States and China. There is a need for mutual trust and trust between these countries, something that seems to get worse in recent years.
It may be possible to see the applications of blockchain technology in the financial world. There will be several security token (STO) offers that will be distributed in the market. Between 2017 and 2018, Initial Coin Offerings (ICOs) expanded into the market and allowed several companies to offer their currencies to interested investors.
We have also seen an increasing number of cryptographic exchanges on the market that offer trading services to users in different countries.