could you please draw me a mindmap for my thesis, my thesis topic : the impact...

could you please draw me a mindmap for my thesis,

my thesis topic : the impact of block chain technology on financial markets

Expert Solution

Blockchain has the potential to be truly distruptive.It is like the internet in the mid 90s-on the verge of revolutionizing the way we live.

In the global financial markets,every day,trillions of dollars are moved,and billions of people are served.However,the financial system is facing serious threats such as fruad,regulatory costs and developed inefficiencies created by its centralized system.

A blockchain is a digital,distributed database that contains a list of ordered records,also called blocks,which continously grows.The most popular application of blockchain is the cryptocurrency Bitcoin,which has shown enormous popularity as well as high volatility.The blockchain,as a form of distrubted ledger technology(DLT) has the potential to transform well established financial institutions and bring lower costs,faster execution of transactions,improved transparency,auditability of operations,and other benefits.Cryptocurrency hold the promise of new native digital asset class without a central authority.

jeff jeffy answered 2 years ago

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