How Blockchain Will Change the Way We Pay

Although still in a fledgling state, blockchain technology and associated developments could have a disruptive effect across many sectors. One industry that is particularly vulnerable is banking, whose long-established role as facilitator, guarantor and validator of payment operations would lose much of its relevance in a blockchain-based economy. The author explores the possible impact that a decentralized system like blockchain could have on traditional means of payment and what that could mean for today's banking industry.