Celsius, 3AC demonstrated why more financial activity needs to be on-chain

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Let's face it: Finance needs blockchain!

were researched and analyzed thoroughly by analysts and media alike. Research has helped specifically to paint a picture that outlined where the contagion started and how it spread. This was only possible becauseof that data was on-chain. If 3AC and Celsius had a full picture of their holdings on-chain — similar to a platform such as Aave which anyone can audit and verify collateralization — fewer investors and creditors may have been duped.

is the head of product at Nansen, a blockchain-analytics firm. He holds more than 10 years of experience in product management and previously worked for companies in the finance technology space including FIS and Fidelity, and at startups such as Cinch and Monit. John has roots in traditional finance, earning his CFA and FRM designations, but is most passionate about the future of finance where products are more decentralized, transparent, and efficient through blockchain technology.

The opinions expressed are the author’s alone and do not necessarily reflect the views of Cointelegraph. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice.

 

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Finance would benefit from blockchain tech. That does not necessarily mean that finance would benefit from crypto, at least not from crypto as we know it today. Many actors in crypto are far worse than most actors in finance.

Highly recommended to financial services move to blockchain network

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Celsius, 3AC demonstrated why financial infrastructure should move on-chainInstead of operating in darkness, more players in the financial industry should move their transactions to the blockchain, where every move is public. Like $TEL. telcoin_team is example
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