Part 10/15:
He warned that the true power of decentralized blockchains lies in their dispersed, autonomous Operation, which makes them resilient against such threats. Nonetheless, governance and security depend heavily on how these systems are designed, especially in permissioned or closed setups.
Blockchain in Banking and Financial Infrastructure
In discussing potential applications for banks, Antonopoulos suggested that blockchain could significantly reduce costs and improve efficiency in areas like:
Settlement systems: replacing costly and slow clearing and settlement with faster, more transparent processes.
Cross-border remittances: reducing friction costs for international transactions.