Blockchain has a great futureGary Gensler, who headed the US Commodity Futures Trading Commission from 2009 to 2014, said that blockchain has brilliant prospects as this technology allows to reduce costs and risks as well as to give stability to those who use it.
The former high-ranking official is an active supporter of new financial technologies.
Gensler is one of the participants of the" digital cryptocurrency Initiative", a program developed on the basis of the Massachusetts Institute of technology and which is aimed at spreading information about blockchain and cryptocurrencies.
Gensler gives lectures on these topics to students and also acts as an informal consultant to American regulators on the development of legislative initiatives in relation to blockchain and cryptocurrencies.
https://buzcoin.iohttps://s6.wampi.ru/2018/07/30/21.md.jpg Well, he's totally right. Blockchain technology is simply the future and it will be the next step towards innovative and convenient method of financial technologies. Aside from the fact that its cost-efficient, has more privacy, lesser risk factor, more convenient and at the same time reduces long procedures bypassing traditional banking system methods and other old method of services as well.
And hopefully, much more like Gary Gensler will come out to give a positive view and support to Cryptocurrency. Through them more people will know things that Crypto can change in the things we've been used to like what you've said "traditional banking system methods and other old method of services" by using Blockchain technology.
