What is the potential impact of Bitcoin for the Arizona economy?
Finance professor shares the possible benefits and pitfalls of the digital currency for today and tomorrow, and for local economies and overseas markets.
Associate Professor of Finance Geoffrey Smith believes that while Bitcoin is extremely volatile today, it is something that will have value in the future. What about its potential for the Arizona economy specifically?
In this KJZZ podcast on Jan. 3, 2018:
"Blockchain technology is primarily a record-keeping technology. Arizona has a lot of real estate transactions. That type of technology could be used to keep track of real estate transactions, eliminating the need for middlemen to monitor those transactions. Maybe in Arizona, the need for blockchain technology for real estate transactions will be something that evolves in the future."
Latest news
- Goodyear entrepreneur Daphnie Kelly's Modern Grind Coffee hits $650K revenue
W. P.
- Master's student Jared Sidhu continues education in taxation to gain specialized skills
Sometimes, a particular class or a connection with a faculty member can ignite a spark that…
- Construction material tariffs could slow metro Phoenix home building, raise costs
Arizona's housing supply could be affected by tariffs, says ASU real estate expert.