MIT Professor Thinks Blockchain Can Lead to Borderless Economy

Blockchain, Cryptocurrency–Silvio Micali, the Ford Professor of Engineering at Massachusetts Institute of Technology, claims that development of blockchain on a global scale could lead to the creation of a truly borderless economy.

Speaking to Bloomberg’s Daybreak Asia on Jan. 21, the MIT professor explained that blockchain requires three simultaneously functioning systems in order to pave the way for a more inclusive, global economy. While others have focused on the technological advantage of blockchain and cryptocurrency, particularly in the industry of fintech and banking, Micali finds the true innovation to be in the level of security it offers not previously available in decentralized systems.

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