Posted 7 months ago | by Ben Armstrong

US Presidential Candidate Brock Pierce Backed Blockchain Banking Before Entering the Race

Brock Pierce, a former child actor, has become an entrepreneur and an independent presidential candidate. He recently participated in a remote event at Wyoming University – and was very positive on blockchain technology.

He has also spoken positively on blockchain to the Wyoming Legislature, and expanded on the benefits of blockchain technology in the banking industry.

Via the video conference at Wyoming University, Pierce gave a strong speech to share his perspectives regarding how blockchain would bring to change banking system. He is likley correct – although the US banking system may be slow to adopt the technology.

Brock Pierce Sees Promise in Blockchain Technology

Pierce has been a strong proponent for adopting blockchain technologies and solutions in banking services. Speaking to the audience at the most recent event, he again emphasized the potential of blockchain to enhance the banking and finance system, not only in the USA but also across the globe.

He believes that with blockchain, the entire banking system would be scaled up to include many more people.

Blockchain technology is expected to deliver inclusive banking and financial products at a faster pace, and also more affordable prices. It can also increase the productivity, efficiency and transparency at every level of the banking system.

More Options for Everyday People

Pierce added that blockchain technology would erase the bar between financial solution providers and users, pushing banking services closer to people in the US – and people all around the world.

As a result, blockchain would create more jobs in the economy, as well as contribute the well-beings of the humanity.

According to Pierce, despite possible setbacks in the early stages of blockchain development, once the deployment is complete, it will immediately make substantial improvements to the entire system.

While there is little evidence for these claims based on actual tests in the US financial system – pilot programs in trade finance and other areas show that blockchain can make a huge difference to both speed and the overall efficiency of a complex system.

Pierce is likely correct in his views on blockchain – and the US financial system would be a good target market for blockchain platforms that make banking services available to a wider demographic.

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