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You're reading from  Blockchain for Decision Makers

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Published inSep 2019
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ISBN-139781838552275
Edition1st Edition
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Blockchain
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Romain Tormen
Romain Tormen
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Romain Tormen

Romain Tormen is a senior consultant for PwC, a worldwide consulting firm. He has experienced digital transformation within several industries and different business units. Specialized in emerging technologies, he promotes to his clients the use of blockchain for better transaction security, transparency, disintermediation, and third-parties authentication. As a contributing writer for one of the most-read tech-oriented website hackernoon, Romain gives business insights and provides use-cases for a broad range of industries.
Read more about Romain Tormen

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A plausible shift for governments

Since Facebook's announcement of the Libra project in June 2019, it is most likely that developed nations will create some kind of a digital currency. Do not get confused, a cryptocurrency is a digital currency, but a digital currency is not necessarily a cryptocurrency.

On the scale of a country, the choice of a centralized or decentralized digital currency will depend on the infrastructure and governance on which it is based. Nations witnessing unstable economies and relying on weak institutions will probably be the first to experiment and explore decentralized digital currencies stimulated by political concerns rather than technological ones. Decentralized digital currencies (cryptocurrencies) can become a powerful tool to overcome monetary challenges.

Just like Facebook, countries will enter the ecosystem through the cryptocurrency&apos...

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Blockchain for Decision Makers
Published in: Sep 2019Publisher: ISBN-13: 9781838552275
© 2019 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Romain Tormen

Romain Tormen is a senior consultant for PwC, a worldwide consulting firm. He has experienced digital transformation within several industries and different business units. Specialized in emerging technologies, he promotes to his clients the use of blockchain for better transaction security, transparency, disintermediation, and third-parties authentication. As a contributing writer for one of the most-read tech-oriented website hackernoon, Romain gives business insights and provides use-cases for a broad range of industries.
Read more about Romain Tormen

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