Will Blockchain Tech Create Independent Banking Systems?

The Promise of Blockchain Delivering Private, Independent Banking Will Be Tested by SwissBorg

Will the Blockchain empower the rise of private banks independent of the mega-international-banking system currently in place?  One company is betting on the answer to that question being yes.  That company is SwissBorg.

While the full intention of SwissBorg may not fully be in keeping with the model of creating truly independent financial systems that are not subject to the financial and political pressures that being dependent on the current banking/government system currently creates, their experiment could lead to more independent-minded ventures learning from what they create.

From The-Blockchain

In the near future, the Asset Management industry will go through disruptive changes and transformation, once bankers unlock the full potential of the Blockchain.

Today, leveraging on Ethereum Distributed Ledger Technology and Swarm Intelligence, SwissBorg is a project with the ambition to reinvent the way Wealth Management ecosystem works.​

SwissBorg is an innovative provider of cyber-secure financial services operating in Switzerland through a digital branchless platform. Aiming to reshape the Private Banking industry, SwissBorg develops Investment Mandates available for individuals, DAOs, investment managers and financial advisors.

Our mission is to create a cyberbank that offers innovative, democratic financial services (it is possible to invest from 1 CHF) as well as one-stop shop for any asset class powered by tailor-made investment strategies. In general, a banking backbone with the latest digital and cryptographic technologies, accessible to anyone from anywhere at anytime in the world. – Cyrus Fazel, Founder, CEO

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About Paul Gordon 3009 Articles
Paul Gordon is the publisher and editor of iState.TV. He has published and edited newspapers, poetry magazines and online weekly magazines. He is the director of Social Cognito, an SEO/Web Marketing Company. You can reach Paul at pg@istate.tv