Former US President can talk about the Blockchain technology

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Where are we?

Although it is too early to clearly define the extent to which the blockchain technology have influenced the world and the financial sector, in particular, it is easy to notice some of the changes. After Bitcoins came on the market many more cryptomerioides, and technology start-UPS sought to introduce to the global market different products on the basis of the block chain.

In fact, the new technology was so effective that it captured even the hearts of the most influential and popular people. One such person is former US President bill Clinton. On cryptographic conference organized by the Ripple 1 Oct m , bill Clinton did not mince his words , when he expressed a positive opinion about blockchain technology. Cryptographic token XRP Ripple is about a fifth of the market owned by Bitcoin. The conference was called “by Ripple Swell”.

Blockchain From the corner of bill Clinton

The conference bill was the keynote speaker and had an interview with Gene Snelling. Gene served as economic adviser to Clinton in the White house between 1996 and 2001. Clinton was US President for two terms between 1993 and 2001, chaired in the early days of the Internet. In his opinion, bill Clinton welcomes DLT (Distributed Ledger Technology) as having great potential, especially because its use is not limited to any national borders.

However, the former President was concerned that all this good is a revolutionary technology can be spoiled by sloppy social, and economic policies. To stop this, his suggestion was to slow down, as too rapid movement risks may cause a negative reaction, which can lead to serious social and economic imbalances, and in this regard to widen the gap between population groups in emerging and developed markets.

The main Board of Clinton was the fact that the first adopters of crypto and blockchains were not blinded by the immediate benefits of their early investment. In addition, he highlighted some major challenges faced by new technology — such things as fraud and the use of technology in financing criminal activities.