Blockchain ‘to challenge American hegemony over world finance’ in next 5-7 years, analyst tells Boom Bust ...News

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Blockchain ‘to challenge American hegemony over world finance’ in next 5-7 years, analyst tells Boom Bust
Chinese blockchain firm OneConnect has filed for an initial public offering (IPO) in the United States, seeking to raise $100 million. The company deals with financial technology, including artificial intelligence. RT’s Boom Bust is joined by Jeffrey Tucker from the American Institute for Economic Research, who says the news is “very exciting.” “We’re living at a time when blockchain technology is going mainstream, and with that come good things and bad things,” says Tucker. According to him, blockchain technology is “awesome” as it provides “50,000 transactions per second with ‘permissionless,’ effortless results.”

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