Len Mei

Bitcoin, Blockchain and Fintech Len Mei

Bitcoin has caught worldwide attention due to its meteoritic rise in price in 2017. No asset class in the history of the world has such spectacular performance. Some call it a bubble. Despite its price crashed in Q1, 2018, its significance is not diminished, because of its underlying technology - the blockchain. Blockchain promises to revolutionize the financial industry. A new branch of technology is born - Fintech. The technology is now finding many other potential uses, as specific as product traceability, copyright protection, any kind of financial transactions, and as broad as entertainment, publishing, energy, healthcare and many other industries. It can be used across the entire value chain, benefiting businesses and consumers alike. Blockchain has the potential to transform the way that individuals and organizations interact, the way that businesses collaborate with one another, the transparency of processes and data, and ultimately, the productivity and sustainability of our economy. This book is attempting to decipher its significance, its past and future.