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Using blockchain know-how in finance will have an effect just like that of YouTube on the media trade, mentioned Lee Jun-haeng, CEO of South Korea-based crypto monetary firm Streami.
See associated article: Fifth S.Korean crypto alternate crosses regulatory end line
Quick information
- He was talking at Blockchain Week on Friday in Busan, South Korea, explaining that “within the outdated days, there was a broadcasting station, the mass media, the place producers solely pushed out contents that had been suited to the style of an even bigger viewers. “With YouTube, the contents grew to become very a lot diversified … now [every content] has customers on the opposite aspect of the world, and anybody can produce content material.”
- Lee mentioned that with blockchain, extra folks in numerous elements of the world can challenge monetary belongings with a number of clicks or a number of faucets on their cell gadgets, with out going by means of giant monetary establishments.
- He added that blockchain has introduced monetary liberty to customers in international locations with few banks and restricted monetary companies that beforehand relied on mortgage sharks and pawnshops.
- Streami operates GOPAX, one in all South Korea’s 5 licensed exchanges that present fiat-to-crypto companies.
- BWB2022, held in South Korea’s second-largest metropolis of Busan over Oct. 27-29, featured visitor audio system resembling Changpeng Zhao of Binance and Justin Solar of Tron.
See associated article: Schooling is greatest safety measure in blockchain tech, says Binance chief CZ
