There is an acceptable definition of the term distributed ledger that the global market accepts and that is, “a ledger maintained by a group of peers, rather than a central agency.” 
Distributed ledgers do not rely on an authoritative copy. Indeed, all copies are created equal. Hence, why the global market finds them uniformly advantageous to use because distributed ledgers aren’t defined in terms of how or where the information they contain is stored, instead they are defined instead by the ledger’s consensus process. We need to understand this because the result is a strategic realignment with the distributed ledger going to the very core of the economic engine change. The distributed ledger is the grease in the machine. The quarterback on the team. It is bringing a wave of advantageous, fast, productive economic change. There are many industries changing the economic dynamics of how they do business in the marketplace.
Let’s begin with real estate.
Globally, why is real estate adopting distributed ledger transactions between buyers and sellers? Put it down to convenience. In traditional real estate transactions, a buyer and seller must engage a title insurance company to transfer the deed and guarantee ownership rights to the buyer. This process often takes days or even weeks. But when cryptocurrency enters the picture, transactions happen instantaneously. The virtual money is directly transferred from one digital “wallet” to another. The blockchain computers note the transaction and update the public log with the purchase — and release the deed.
WHO IS USING DISTRIBUTED LEDGER ADVANTAGE NOW?
Would you be surprised to find out that worldwide governments want to get in on the action of distributed ledgers and all they provide? When you think back, try to remember the last time an intangible technology sparked a global gold rush and you will recall that the technology was called cloud computing. It is understandable to think that distributed ledgers blockchain technology sounds too good to be true, but doesn’t that sound a bit like what cloud computing did in its early days? We are going to provide you with some stone-cold facts about how improved, fast, secure and transparent distributed ledger technology is and why it is creating a global seismic shift with inherent market advantages that will make you wonder, where do you sign up to learn more.
- A few months ago, Matthew Mellon, the billionaire banking heir, died at 54. Why did this make the news and it’s not just because Matthew Mellon was part of the Mellon family, one of the wealthiest American families ever. But also, because according to Forbes magazine, Mellon was worth an estimated $1 billion ($1.38b) from an extraordinary gamble he took by investing $2 million-dollars in Ripple cryptocurrency which ended up making him $1 billion.
- It has also been recently reported George Soros has taken some time out from his battle of wills with people from Hungarian Prime Minister Viktor Orban to American and other country politicians to grant one of his underling’s approval to begin trading in cryptocurrency. Adam Fisher is now heading the macro investment at New York-based Soros Fund Management and has reportedly received internal approval to trade virtual coins in the last few months.
- The latest bold-faced investor to unveil plans to invest in the cryptocurrency space is the Rockefeller family (the descendants of Standard Oil founder John Rockefeller). CoinTelegraph reports the family’s venture capital fund has partnered with CoinFund to invest in “Cryptocurrency and Blockchain business innovation”.
- Rockefeller’s VC Arm is Venrock’s partner David Pakman told Fortune that, “We can have fundamental changes to a number of different markets because of a disturbed ledger, a token economy that all participants can take part in. It may finally be possible to build widely-distributed networks without centralized trust or control, and to allow user consensus to govern their future in a productive, fast and improved manner.”
- Finally, we have the most blue-blooded billionaire family in the US – the Rothschilds. The Rothschilds are known for their close ties to banks and other financial institutions, yet they have now stepped towards cryptocurrency trading via the Grayscale Bitcoin Trust.
Talk about making the financial establishment spin backward – we now have the quadruple billionaire club of Mellon, Rockefeller, Soros, and Rothschild money entering the global distributed ledger market of tomorrow.
Furthermore, distributed ledger blockchain technology is not only gaining traction with investors banking on profitable returns, but it is also so fast and productive it may hold the answer to the many issues plaguing worldwide banking and economic systems. Accenture analysts have found the world banking sector will save up to $20 billion by 2022 by implementing blockchain technologies.
Santander, a controlled Banco Group, has implemented a fully functioning One Pay FX payment system running solely on blockchain technology. The primary goal of the system is to optimize payments between Europe and South America using distributed ledgers. One of the major coups de grace is that credit card companies like Visa and MasterCard on the move to find scalable, high transaction speeds of hundreds of thousands per second. They found their answer through the speed, security and global reach of the blockchain. The future of credit cards will be more straightforward for the customer so they can quickly and securely convey information to the point of sale (POS) device without subjecting the customer to any form of stress.
THE FUTURE AND IT’S MARKET ADVANTAGES
Smart ledgers of today will eventually take over the global economic markets of tomorrow in a manner transparent, scalable and faster than anything offered by modern technology. This new and alternative system of payments and banking is not bound by tired, lengthy and cumbersome legal requirements. In addition, distributed ledgers will be utilized on everything from exchanges, brokering services, transfer systems to fund gateways and pools all of which would be available on the same platform. This provides built-in benefits with the immediate execution of tasks, full transparency, low risk of non-payment as well as anonymity. What else could anyone need?