Some of the world’s largest businesses are growing more and more interested in blockchain. In particular, Facebook’s Libra announcement signalled a coming surge of enterprise interest in crypto-assets, especially among tech firm. Alex Tapscott breaks down all this and more in his feature interview with Fortune Magazine, promoting the upcoming book Financial Services Revolution.
Facebook’s recent announcement that it will create its own cryptocurrency, called “Libra” has shaken not just the world of blockchain, but finance and technology giants around the world. The crypto wars have begun in earnest. On Wall Street. And Washington. Buckle up.
Many large companies have taken steps to embrace blockchain, but Facebook’s plans for a cryptocurrency and digital wallet has prompted government oversight committees to call for hearings and may have banks taking another look at the distributed ledger technology.