Disruptive technology

In the long run, which will be the bigger B? Will the banking industry do to blockchain, and thus to the soul of Bitcoin, what in recent years it started doing to feeble fintech operators: acquire challengers and digest unwanted competitors before they can threaten legacy players? Or will the blockchain bacterium lead to a total mutation of the entire banking sector to the point that the banking business models of 20 or 100 years from now would be unrecognizable for today’s bankers? “Cryptocurrencies could possibly be the single most disruptive technology to global financial and economic systems” by virtue of the fact that current financial and legal structures were designed with a completely different mindset and purpose, wrote Peter DeVries, a professor of information systems at the University of Houston in Texas, in an article published in September 2016 in the International Journal of Business Management and Commerce. “If