Bitcoin, Blockchain and Fintech

Bitcoin has caught worldwide attention recently because of its meteoritic rise in price. Just in 2017 alone, its price has gone up by 1,451%. At its peak, Bitcoin market capitalization reached US$321 billion. No asset class in the history of the world has such spectacular performance. Some call it a [...]
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Bitcoin has caught worldwide attention recently because of its meteoritic rise in price. Just in 2017 alone, its price has gone up by 1,451%. At its peak, Bitcoin market capitalization reached US$321 billion. No asset class in the history of the world has such spectacular performance. Some call it a bubble. Indeed, its price crashed in Q1, 2018. However, its significance is not its role as a cryptocurrency, but rather its underlying technology - the blockchain. Blockchain promises to revolutionize the financial industry. A new branch of technology is born - Fintech. World leading financial institutions are flocking to the development of Fintech. Fintech incorporates more than just the blockchain technology. It also integrates artificial intelligence, internet, cloud computing, Big Data and other nascent technologies, such as 5G network, IoT. It promises to change the world beyond recognition. This book provides a comprehensive introduction and a broad overview of the subject matter.