InvestorsHub Logo
Followers 2
Posts 584
Boards Moderated 0
Alias Born 04/29/2011

Re: None

Saturday, 02/10/2018 1:29:44 PM

Saturday, February 10, 2018 1:29:44 PM

Post# of 13983
Blockchain technology can solve the most critical problems in business, such as trust and security, according to Lee. For example, it applies the kind of immutability and transparency that is needed to protect investors from predators such as Bernie Madoff, who falsified financial reports to bilk clients out of more than $10 billion.

"If you invest with a company that tracks your money on a blockchain, you can see where every penny goes and have complete accountability at all times," Lee said.

Governments around the world are already using blockchain technology for Know Your Customer (KYC) and identity management, and companies such as uPort are marketing user-centric identity control platforms that enable consumers to protect personal information proactively.

"Soon blockchain will be everywhere and expected everywhere," Lee said. "It was only in late 2017 that most blockchain specifications introduced lightweight options that allowed cellphones or tablets as nodes. Mobile blockchain apps are just getting started, and explosive acceleration is coming soon."