Faculty News
Professor David Yermack discusses the impact of blockchain technology on the future of banking
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![Australian Financial Review logo Australian Financial Review logo](/sites/default/files/styles/480w/public/assets/images/con_031073.jpg?itok=EJoXoq-A)
Except from the Australian Financial Review -- "David Yermack, a professor at New York University's Stern School of Business, said blockchain could lead to far fewer banks and perhaps even remove the need for share-trading exchanges. It would render redundant millions of employees who execute and record financial transactions across banking, asset management and insurance, he said."
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