Bitcoin is also huge to any industry that is having problems with trust and transparency related to recording asset ownership, settlement and clearance. In the

Bitcoin is also huge to any industry that is having problems with trust and transparency related to recording asset ownership, settlement and clearance. In the United States, the Depository Trust Clearing Corporation, which settles the vast majority of security transfers, could be completely replaced with technologies like Bitcoin. The DTCC has always had issues with naked short selling and very few financiers will shed a tear when it is dead and gone. Tracking ownership and settling transfers in an open and transparent manner is also something that is sorely lacking in the realm of copyright. The music industry has taken notice of Bitcoin's technology and publishers and authors alike are excited about the possibilities of using what works out to be an equal-access public datastore to track ownership and payments. The money has never been in running the regulated machinery of ASCAP, Harry Fox or SoundExchange, rather in investing, owning and capitalizing from the profits of authored works. The same applies to Wall St. There's a rotten core at the center of modern finance and using decentralized consensus mechanisms like Bitcoin is in everyone's best interest. This is why so many established financial institutions are making such a fuss about this technology.