What will be the future implications of Bitcoin?

Bitcoin, with it’s public ledger will evolve in a transparent and certified system. The traceability, and all the other ways of data storing annexed to it can ultimately reduce frauds, forcing key financial systems to assure responsible behaviours, something that the current Moral Ethic does not guarantee.

The Bitcoin Blockchain is based on cryptographic proof rather than trust upon financial institution, and its process is extremely transparent.

The Blockchain will guarantee improvements in organizing business operations, ranging from investor’s accountancy, to protecting the consumer.

The people that keep track of financial/banking accountancy are today in the ideal position to consider the benefits and the cons of Bitcoin, and decide how this new technology will operate inside their business model.

Hence, the administrations of industrial companies should be the first to appreciate the practical-logistic use of Bitcoin to solve and improve the monetary problems with their clients.

We’re talking about an epoch change, not just about Bitcoin:

The invention of the Blockchain and of the decentralized consensus will reduce in a significative way organizing and coordinating costs on large scale systems, and at the same time will reduce the opportunities of power concentration, corruption and State failing.

Considering the challenge, and Bitcoin’s bright future, shouldn’t we all take part in the debates that shape this innovation?

 

This article first appeared on the HolyTransaction blog.

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