Today’s podcast guest, Alex Tapscott, is the co-author of an important new book called, Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World.
Alex describes blockchain as a vast, global distributed ledger where digital assets can be moved, stored, and managed securely and privately and where trust doesn’t need to be established by a third-party or an intermediary, but rather can be established in collaboration, cryptography and clever code.
Bitcoin, which we’ve all heard about, is the largest and most used blockchain in the world.
Now, why am I talking about blockchain and why should you care as a financial advisor?
One simple reason…blockchain could fundamentally alter the way financial advisors interact with and connect to consumers. And it could cut billions of dollars out of the intermediary cost structure of the financial services industry.