Blockchain technology will make stockbrokers redundant, says BNP Paribas analyst
A BNP Paribas analyst has said that blockchain technology has the potential to make existing securities trading companies "redundant", and that the technology "should be considered as an invention like the steam or combustion engine". He explains that the blockchain can provide trust to the marketplace through its indisputable public ledger, which makes the market middle-men (stockbrokers), unnecessary. Although these predictions have long been made by those in the fintech sector, such admissions from employees of the world's biggest banks have been rarer.&nbsp;
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