Part 6/8:
Blockchain itself is a decentralized system that allows for the verification of transactions through a distributed ledger, eliminating the necessity for centralized institutions. However, this shift challenges the very foundations of traditional banking, causing unease among financial institutions and some governments.
Rather than viewing blockchain and cryptocurrencies as threats, the dialogue suggests embracing the opportunities they present. The discussion highlights the importance of adapting to evolving technologies and asking challenging questions about their impact on traditional business models.