Our current economy is digitized and generates an exponential growth of person-to-person (P2P) transactions. On the other hand we often face challenges around flexibility, trust, identity and authorization that existing financial instruments are sometimes struggling to address.
And that’s where blockchain comes into play. Blockchain is designed as a secure distributed system with high Byzantine fault tolerance. The most successful use cases for blockchain today are related to financial transactions and the management of financial assets. The most famous examples include Bitcoin, Ethereum, Ripple or Hyperledger.
GSMA Intelligence recently published a new issue of Global Mobile Radar, which analyzes the relationship of blockchain and mobile communications.