DLT & The Financial Industry: Loyalty and Rewards
This article is part of the Advanced Blockchain AG blockchain blog.
Beyond the how, Distributed Ledger Technology could impact the why of the financial industry and create conditions necessary for much needed change in the way people behave. At the heart of all instability in the financial system is the perpetually fluctuating nature of the people behind it.
People like rewards, and they’re willing to take all kinds of risks to get them. Just take the 2008 Financial Crisis, as an example. The people behind the tall glass walls stood to gain from trading financial instruments that were AAA rated (the best, most safe rating) on the surface, but were in fact incredibly risky assets. The reason for how that came to be may vary depending on which side of the fence you’re on.
