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Tomorrow's banks will be decentralized applications of software built on cryptography, blockchain technology and smart contracts. Theyll be platforms for saving, lending, investing, moving and spending that are much more equitable and sensible than they were in the 20th century and ironically it'll be more aligned to what banks were like in much earlier civilizations.
So when I talk about banks being to the economy what the heart is to the human body - this is really what I'm talking about. I'm not necessarily talking about the ICBC. The ICBC or Bank of America may play an important role, but so could thousands of small local banks or small apps on a Blockchain.
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Hendrith Vanlon Smith Jr.