Is there any “talk” of the blockchain technology in your forex world?
Proponents suggest in the third world this technology could make a huge difference to emerging markets who do not have access to banks.
I would advice you to be very careful. Currency trading is essentially a way to transfer money from the bank accounts of people that do not know what they are doing to those who do know what they are doing. If you don't understand the market you are looking at better than the average schmuck, you are almost certain to get burned.
Is there any talk of the blockchain technology in your forex world?
The bank I work for certainly is, and we're looking at it for Integrated G/L capabilities with other banks. There is a consortium of banks looking at building this capability into Blockchain, I work for one of those banks. (No, I won't say which one.)
Proponents suggest in the third world this technology could make a huge difference to emerging markets who do not have access to banks.
It's certainly one of the possibilities. It's being viewed in the Banking Industry as a way to lower the cost of transactions by integrating Bank G/L's together and allowing transactions to happen in near real-time.
That's certainly going to have an impact on the every day banking customer (we call them retail customers) and some of the transactions they're used to. For example: "floating a check" will disappear. The ability to put a check in the mail to pay a bill for which the money is not in the account at the time the check was written will become a thing of the past. It won't matter if the money is there when the check arrives at the Payee. Traditional checks will become a thing of the past.
That's just ONE example.
Proponents of Banks integrating their G/L's using Blockchain technology tout Blockchain's security while ignoring recent successful cyber-attacks against blockchain security.
If you want to know which banks are using blockchain and how they're using blockchain, click that link. Most of the articles are easy to read and understand.