Forbes Asia — May 2017

MAY 2017 FORBES ASIA | 15

AHOWDEN/SINGAPORE STOCK/ALAMY

blockchain technology to ensure that its

clients’ contracts are secure.

If cryptocurrency does go mainstream,

it will likely do so quietly, at least as far as

the average consumer is concerned. Luis

Buenaventura, chief technology officer of

Bloom Solutions and author of Reinvent-

ing Remittances With Bitcoin, advises that

Bitcoin is “probably best off as a back-end

technology.” Similar to the protocols be-

hind email systems, blockchain technolo-

gy may drive common services, but users

won’t ever interact with it.

Leow says, “We should remember that

at the end of the day, people want to get

things done and generally care less about

the actual implementation of how that

happens.”

A possible end to lines and waiting: Experts see remittances as an area ripe for virtual currency disruption.

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