1. BITBILIHome
  2. Article

Will the digital economy thrive without blockchain?

• 92 views

TL;DR Breakdown

  • Franklin Templeton, a prominent asset management firm, views investment in cryptocurrency as a contribution to data technology.
  • Considering the integral role of blockchain in facilitating the growth of the digital economy, a future without blockchain might be more of a paradox than a feasible prospect.

Description

The age-old debate about whether the thriving digital economy can sustain without the integral thread of blockchain technology brings us to a crossroad of potential change. Consider investing in the field of cryptocurrency as contributing to the broader realm of data technology. This perspective is reinforced by Franklin Templeton, the venerable asset management firm. Plunging … Read more

The age-old debate about whether the thriving digital economy can sustain without the integral thread of blockchain technology brings us to a crossroad of potential change.

Consider investing in the field of cryptocurrency as contributing to the broader realm of data technology. This perspective is reinforced by Franklin Templeton, the venerable asset management firm.

Plunging into crypto: A leap of faith or strategic move?

For a vast number of individuals and organizations, the territory of cryptocurrency is unfamiliar. However, the 76-year-old asset management firm, Franklin Templeton, fervently immerses itself in research within this domain.

Their belief that digital assets will revolutionize not just asset management and capital markets, but the increasingly digital and data-driven global sphere, is unwavering.

Foreseeing the continuous evolution of this digital ecosystem, Roger Bayston, the Head of Digital Assets at Franklin Templeton, highlights that cryptocurrencies like Bitcoin and Ethereum are merely the beginning.

He forecasts an array of developments and applications on the horizon, particularly for protocols that aim to address substantial, exploitable markets.

These protocols capitalize on the inherent advantages of public databases provided by blockchain, significantly reducing the friction of database duplication and reconciliation processes.

Blockchain: An indispensable facilitator of the digital economy

Since 2019, Franklin Templeton has demonstrated its faith in blockchain technology by operating node validators on multiple blockchains including Ethereum, Solana, Cardano, and Polkadot.

By verifying transactions on these networks and maintaining their transaction records, the firm emphasizes the crucial role blockchain plays in the digital economy.

Franklin Templeton’s initiatives extend further into the world of blockchain. They’ve introduced a registered mutual fund, the OnChain U.S. Government Money Market Fund, on the Stellar and Polygon blockchains.

Additionally, they’ve launched two blockchain investment funds and a consumer application allowing users to explore tokenized securities and cryptocurrencies.

Despite regulatory pressures on renowned exchanges like Coinbase and token projects such as Solana and Cardano, investors with a high tolerance for volatility and uncertainty could potentially reap rewards.

Bayston envisions an era of continued innovation in the development of software protocols as the regulatory landscape in the U.S. becomes more distinct.

The future without blockchain: A prospect or a paradox?

The world of cryptocurrency isn’t restricted to Bitcoin or Ethereum. A future driven by the advent of new applications and protocols seems to be dawning.

The development and enhancement of public databases through blockchain technology facilitate substantial reductions in friction. In the fast-paced digital economy, these benefits could drive more streamlined operations and efficient transactions.

Operating node validators and establishing blockchain-based mutual funds and investment funds underscore the invaluable nature of blockchain technology.

As Franklin Templeton’s steps into the world of digital assets suggest, the digital economy and blockchain technology are not mutually exclusive but interconnected.

The endurance of this digital ecosystem might be dependent on the foundation provided by blockchain, and their separation might be more of a paradox than a feasible prospect.

As the sphere of digital assets continues to evolve, it’s pivotal to remember that the roots of this progression lie within the innovative application of blockchain technology.

A thriving digital economy without blockchain seems to be a challenging proposition given the indispensable role blockchain plays in fostering this growth.

Hence, the future seems to have blockchain technology etched into its fabric, maintaining a critical balance between progress and stability in the digital economy.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Will the digital economy thrive without blockchain?

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月22日 00:08
Next 2023年6月22日 01:48

Related articles

  • Nigeria’s president forms committee to reform tax laws and boost revenue generation

    TL;DR Breakdown President Bola Tinubu of Nigeria is reforming tax laws to boost revenue and reduce borrowings. The goal is to increase the tax-to-GDP ratio from 10.9% in 2021 to 18% in three years. These reforms are part of Tinubu’s wider plan to improve the economy, which includes overhauling the power industry and easing foreign-exchange controls. Description Nigeria’s President, Bola Tinubu, is spearheading an ambitious fiscal initiative to revamp the country’s tax regulations and improve revenue efficiency. The leader’s decisive action signifies a concerted effort to wean Africa’s largest crude oil producer off its borrowing dependency while boosting infrastructure, healthcare, and education investments. To enhance revenue transparency and utilization, Tinubu has rallied … Read more Nigeria’s President, Bola Tinubu, is spearheading an ambitious fiscal initiative to revamp the country’s tax regulations and improve revenue efficiency. The leader’s decisive action signifies a concerted effort to wean Africa’s largest crude oil producer off its borrowing dependency while boosting infrastructure, healthcare, and education investments. To enhance revenue transparency and utilization, Tinubu has rallied a top-tier committee led by Taiwo Oyedele, Africa tax leader…

    Article 2023年7月10日

  • Europe’s inflation is significantly higher than the US as wages experience growth 

    TL;DR Breakdown Europe is facing a more persistent inflation challenge compared to the United States. The US has recorded a 2.1 percent annualized expansion in the second quarter, raising optimism for a “soft landing” that controls inflation without a recession. Wage growth in Europe, particularly in the UK and the eurozone, has outpaced that in the United States. Description Europe is grappling with a more persistent inflation challenge than the United States. Investors and analysts are sounding alarms about the growing possibility of differences in economic outcomes and policy responses between the two sides of the Atlantic. In the past year, consumer price inflation in the US reached its highest levels in decades but … Read more Europe is grappling with a more persistent inflation challenge than the United States. Investors and analysts are sounding alarms about the growing possibility of differences in economic outcomes and policy responses between the two sides of the Atlantic. In the past year, consumer price inflation in the US reached its highest levels in decades but has since dropped considerably and is now notably…

    Article 2023年9月4日

  • Elon Musk in trouble over Trump Twitter records

    TL;DR Breakdown Elon Musk’s acquired platform, X (formerly Twitter), fined $350,000 over delay in providing Trump’s account records. The request was part of a DoJ investigation into disruptions post-2020 elections and the January 6 Capitol breach. X tried challenging a gag order that prevented public discussion of the warrant, citing First Amendment rights. Description Elon Musk’s recent acquisition, now rebranded as X but once widely recognized as Twitter, finds itself ensnared in legal controversies involving none other than former U.S. President Donald Trump. A hefty $350,000 fine was slapped on X for its delay in responding to a covert search warrant relating to Trump’s infamous Twitter records. The evolving … Read more Elon Musk’s recent acquisition, now rebranded as X but once widely recognized as Twitter, finds itself ensnared in legal controversies involving none other than former U.S. President Donald Trump. A hefty $350,000 fine was slapped on X for its delay in responding to a covert search warrant relating to Trump’s infamous Twitter records. The evolving drama provides a window into the intricate dance of politics, business, and law….

    Article 2023年8月11日

  • Shytoshi Kusama unveils release dates for Shibarium and Worldpaper

    TL;DR Breakdown Shytoshi Kusama utilized AI for a speech at the conference, a first in the industry. Shiba Inu ecosystem’s Worldpaper and Treat token data will be showcased at the event. L2 Shibarium unveiling is expected during the conference, coinciding with Ethereum and Shiba Inu’s third birthday. Description Toronto, Canada, is set to host a series of events from August 13-17, 2023, with the Blockchain Futurist Conference taking centre stage. Adding to the excitement, the renowned Shiba Inu ecosystem will serve as the title sponsor for these events, marking a significant milestone for the project. In an unprecedented move, the leading developer behind … Read more Toronto, Canada, is set to host a series of events from August 13-17, 2023, with the Blockchain Futurist Conference taking centre stage. Adding to the excitement, the renowned Shiba Inu ecosystem will serve as the title sponsor for these events, marking a significant milestone for the project. In an unprecedented move, the leading developer behind the Shiba Inu ecosystem, Shytoshi Kusama, will utilize artificial intelligence to deliver a speech at the conference. This development…

    Article 2023年7月8日

  • U.S. thinks it has found a solution to the debt ceiling crisis

    TL;DR Breakdown The U.S. appears to be nearing a solution to the impending debt ceiling crisis, creating optimism for the country’s economic outlook. Federal Reserve officials have been carefully monitoring economic data, including employment and inflation figures, to inform decisions on interest rate policy. Comments from Joe Biden and Kevin McCarthy suggest a potential deal could be reached to avoid defaulting on U.S. debt before the June 1 deadline. The looming cloud of a potential debt ceiling crisis in the U.S. might be dispersing, with a possible solution on the horizon, suggesting a brighter economic outlook for the country. Over the past weeks, the uncertainty surrounding the nation’s capacity to meet its financial obligations has prompted rigorous debates among policymakers and financial analysts alike. Amidst these discussions, the economic data, interest rate policy, and bipartisan agreement are taking center stage, according to statements by U.S. leaders. The role of economic data in U.S. decision-making process Federal Reserve officials have been threading a fine line, keeping a keen eye on economic data to determine the next steps in interest rate policy….

    Article 2023年5月19日
TOP