©  Vikram Dhillon, David Metcalf, and Max Hooper 2021
V. Dhillon et al.Blockchain Enabled Applicationshttps://doi.org/10.1007/978-1-4842-6534-5_12

12. Technological Revolutions and Financial Capital Markets

Vikram Dhillon1  , David Metcalf1 and Max Hooper1
(1)
Orlando, FL, USA
 
Global financial markets are undergoing a drastic change that makes it clear that without innovation most business and financial models could soon become obsolete. A recent overview of the global financial system described the current system as a

[s]ystem that moves trillions of dollars a day and serves billions of people, but the system is rife with problems, adding cost through fees and delays, creating friction through redundant and onerous paperwork, and opening up opportunities ...

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