BchainTalk Forum - Community for Blockchain Believers

Join like-minded people in a collaborative culture to share & learn.

BchainTalk Forum - Community for Blockchain Believers

Join like-minded people in a collaborative culture to share & learn.

BchainTalk Forum - Community for Blockchain Believers

At Bchaintalk we bring blockchain innovators, developers, entrepreneurs, key executives, enthusiasts, economists, job seekers, investors & sourcing professional together to openly discuss and share knowledge on the exciting disruptive force of Blockchain


We are looking for domain experts in all realms of blockchain to lead the bchaintalk.org community as Moderators. Please connect to us if you feel like you'd want to contribute to the growing community.

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Blockchain replacing current middlemen with those who are simply willing to accept lower returns?

BchainTalk Forum - Community for Blockchain Believers  :: Blockchain General Talk :: Blockchain Applications

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Blockchain replacing current middlemen with those who are simply willing to accept lower returns? Empty Blockchain replacing current middlemen with those who are simply willing to accept lower returns?

Post by Sumant sinha Sat Apr 15, 2017 2:57 pm

Hey, I am Sumant, blockchain enthusiast, wanted to know your views on how blockchain will eradicate the middlemen from our financial sector.

Sumant sinha

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Blockchain replacing current middlemen with those who are simply willing to accept lower returns? Empty Re: Blockchain replacing current middlemen with those who are simply willing to accept lower returns?

Post by John Nash Sat Apr 15, 2017 11:15 pm

Well, the concept of blockchain is based on the shared ledger. This eliminates the basic need for the centralized authority to verify something, this is reached in blockchain using consensus. This also removes the problem of middlemen, which are like a plague for our current financial sector. For example, if blockchain is applied in a supply chain, then anyone can see if the product is original and what is its initial value, where it had been, and if there were any unnecessary demands due to middlemen. Blockchain can help a country to double its GDP within a short period of time.

John Nash

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