The CEO of Circle, Jeremy Allaire, has made breaking news with his statement at the first day of the MoneyConf Dublin conference, where he appeared, speaking about the unprecedented “crypto-revolution” and how the global society is at the beginning of “tokenization of everything”.
According to Allaire, blockchain is now poised to revolutionize every aspect of finance and reinvent the way we see the public and civil services. As he said:
“Once you have an open global immutable record-keeping system, [a] transaction-processing system and [a] secure computing environment, you can re-conceptualize on a global basis every aspect of finance… corporate and commercial law, the intermediation of contracts, [and] crucially all of the systems we use in [both corporate and civic] decision making.”
The CEO of the payment app Circle also outlined a vision of a tokenized global economy and society. In his vision, “every form of value storage and public record becomes a crypto token” which has free-floating market value and one that can be traded on the leading digital exchanges.
In this way, according to Allaire, everyone can “tokenize their house, car or art” and establish global financial relationships around any physical property. This tokenization could offer an immutable system that is more transparent and accountable compared to current models, according to him.
After touching the topic of blockchain, Allaire addressed the crypto assets which support transaction settlement systems, pointing out to Ripple, Stellar and Ethereum which he characterized as “operating systems for the global economy.”
You can watch Allaire’s speech at the link below.
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