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Seeking Alpha 2022-08-23 23:09:19

Crypto-Technology: Here To Stay

The world continues to evolve into its digital future.The biggest banks are preparing their platforms and networks for the future and are incorporating blockchain technology to serve as a foundation for this new environment.The crypto-world, having suffered major setbacks, is realigning and restructuring itself so as to build off of what works to consolidate itself into this new world.The future is going to be digital. But, because of radical uncertainty, what the future is going to look like is still unknown.Digital is here to stay. Crypto is a part of digital.Crypto is here to stay.The reason for this feeling is that the technology behind "crypto" is playing more and more of a part in the financial world and the restructuring is going on to create the "new" world.First of all, the major banks, among other institutions, have invested a lot of time and money into the "crypto" technology, the blockchain.The evidence?Paul Vigna writes in the Wall Street Journal: The blockchain, sometimes called distributed ledger technology, is the plumbing that keeps crypto markets running. It is a software program that uses an open record-keeping system--a central ledger--to track assets and record transactions and information about ownership of those assets. Every participant operates off the same central ledger. Big Wall Street Banks have been working with the blockchain for five years or so. For one, the big banks don't want to be left out ...

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