Blockchain technology could have a massive effect on the future of finance, says, Yahoo co-founder Jerry Yang.



Jerry Yang Gave Out Some Advice



According to a recent report, Yahoo co-founder, Jerry Yang at the Innovation Asia Forum, which took place in Singapore, summarized the factors which he believes are necessary for the growth of blockchain.



He said that:

“Blockchain is a natural technology for banks and trading. If you look at US institutions and banks, the kind of infrastructure that is being developed has long-term implications. For the technology to succeed, the question is can there be trust built? That can open huge amounts of doors.”



Yang has previously said that he hopes to see Bitcoin become a currency being used for transactions instead of it just being used as a store of value as he believes in the ability of Crypto and Bitcoin.



“Personally, I am a believer in how digital currency can play a role in our society, especially in not only the front end of doing transactions but also the back end of creating a much more efficient system and much more verifiable system. But for now, it seems like it’s more driven by the hype of investing and getting a return rather than using it as a transaction currency.” Yang explained.



Steve Wozniak—Apple Co-founder is a Die Hard Bitcoin Fan



With this, Yang has joined other tech founders such as Steve Wozniak who are also high-profile supporters of Bitcoin.



Wozniak recently revealed that he believes Bitcoin has already proven it’s worth as a form of digital gold.