Page 17 - March 2018 Disruption Report
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BLOCKCHAIN
JAMNAURACRHY 22001188
I had one guy tell me in Puerto Rico, he’s from South Africa, and he shouldn’t be throwing any stones either but his point was, he says, “America’s becoming Europe. There’s a shrinking middle class, while other emerging markets have a growing middle class.” So the global impact of blockchain, cryptocurrency, and these applications are signi cant and have to be factored into policy decision making for governments. The U.S. can’t just think about itself anymore in a vacuum. (The CUBE, Jesse Lund, 03/21/18)
The growing role of governments in the ntech space
The nancial services sector is an important element of governments’ economies—comprising 5% of GDP in the Eurozone, 7.3% in the U.S., 11% in the U.K. and 13% in Singapore. To encourage the growth, viability and safety of their banking sector, many governments have created “ nancial sandboxes” to test grounds for new business models that are not protected by current regulation and develop regulation to keep pace of innovation.
Many governments are creating “fintech sandboxes”
MANY GOVERMENTS ARE FORMING “FINTECH SANDBOXES”
Source: BI Intelligence
Source: BI Intelligence
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