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IBM's Executive Architect for Banking and Financial Markets discussing Bitcoin's potential.Essentially, Brown believes that virtual currency will change the world and will continue to be a powerful force in the near future – particularly in developing nations where access to the modern banking system is non-existent. But Bitcoin is simply just a protocol. Many of the technological apparatuses to make Bitcoin actually work in the real world do not exist yet. Right now, we can point to the world’s only Bitcoin ATM and prototypes of Bitcoin debit machines as proof of that new technology emerging – but we really have no idea where this is all going.For example, Brown imagines a world where your fridge and washing machine have identities on the blockchain (the distributed ledger of all Bitcoin transactions, which is publicly available to all Bitcoin users) so that they could manage the purchase of electricity themselves, depending on how much juice the autonomous appliances need to chill your celery and launder your bra.
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