Michael Casey

As a senior advisor to the Digital Currency Program at the Massachusetts Institute of Technology and co author of The Age of Cryptocurrency, Michael Casey elucidates that blockchain is a decentralized record keeping system that has led to the arrival of the Bitcoin Revolution. He is also a co author of the book 'The Social Organization', in which he argues that social networks can mimic the behavior of living organisms. In two books, Casey comprehensively explores how new technologies will help people take control of their lives by eliminating intermediaries, disrupting business models, and completely reshaping social governance. The core concept of blockchain is distributed accounting, which, like many mobile applications, big data-based banking services, decentralized electronic markets, and countless financial technology innovations (\fintech\) committed to breaking the dominance of large banks, will completely reshape our economy. In such a system, the risk will be borne by thousands of computers, rather than being concentrated in the bank database of New York, which can save trillions of dollars in intermediary fees, billions of \non bank accounts\ have the opportunity to participate in the global economy, and money can flow freely like information. This disruptive technology has significant potential benefits, and the World Economic Forum predicts that transactions through blockchain will account for 10% of global GDP by 2025.