About Crypto
Open Blockchain Networks & Cryptocurrencies
Open blockchain networks are a catalyst for change in digital services, including financial services and applications, because they enable the direct transfer of value on the internet. Cryptocurrencies are the fuel that powers these networks.
Open blockchain networks eliminate the need for middlemen
Legacy Centralized System
Financial and data middlemen are necessary intermediaries for financial transactions and online services
Open Blockchain Network
Users can conduct financial transactions and share data directly
Open blockchain networks address shortcomings of centralized systems
Legacy Centralized System
Security
Single point of failure makesthe system vulnerable to attack
Privacy
Business model often based oncollecting and selling consumer data
Competition
Economies of scale andmassive proprietary data setsencourage monopoly power
Open Blockchain Network
Security
Encryption and decentralizationof data makes cyber attacksextremely difficult
Privacy
Allows for individual controland ownership of personal data
Competition
Personal ownership of dataallows for portability betweenservices and encouragescompetition
