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UBS CEO: Blockchain technology almost a must-have for business

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Blockchain, the technology behind cryptocurrencies, is 'definitely an opportunity' in the long term for businesses, says UBS Group CEO Sergio Ermotti. CNBCCrypto

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Blockchain is great when decentralized, otherwise it is no different than any other database. All these corporations are looking at centralized databases implemented with blockchain and that makes no sense!

Until quantum computing comes along and instantly decodes them all in the first minute of operation.

This initiative was endorsed by the Collective Intelligence, one of the most powerful forces on planet earth at this time !!!

The wealthy on the planet are going to start distance themselves from the Internet and sign on to a completely new network called (Global Satellite Video Conferencing) GSVC. This network will start to grow like the internet but the core will be based on leaving your audio phone.

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