For anyone that’s spent enough time studying blockchains, it’s clear these transparent, auto-accounting, and programmatic systems are superior to the siloed, rusty towers of traditional finance. Once the tech is understood, it becomes obvious that blockchains will undergird our digital lives, which explains why in the midst of the ‘wild west of crypto,’ we see every major bank, tech giant, and nation-state developing their own blockchain-adjacent systems.
That said, for blockchains to reach their full potential, we need more and better front-ends that are approachable not only by those at the frontier of innovation, but that surpass the user experience, safety, and compliance standards demanded by the largest institutions in the world. Using finance as an example, consider that retail trading makes up less than a quarter of the total volume in US equity markets (see graph below), while retail’s share in the much larger fixed income markets has historically stayed well below 5%.
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