Bancor Brings Power of Blockchain to Emerging Markets

The video discusses how local communities and entrepreneurs in Kenya can use blockchain technology to create their own currencies backed by local production. It highlights the potential of blockchain to connect tokens and facilitate trade, emphasizing the third generation of blockchain technology's speed and scalability. The video also explores the benefits of distributed ledger technology, such as transparency and reduced transaction costs, while addressing challenges like security and governance in blockchain systems.

In what ways can blockchain technology lower transaction and compliance costs for financial services?

What governance issues need to be addressed when scaling a blockchain system beyond its initial community?