Many people think blockchain is still 'looking for applications,' but Wall Street is busy with a 'major cleanup.' This isn’t about creating a new product—it’s about violently rewriting the underlying clearing and settlement systems that haven’t been touched in decades. Why was a single transaction so expensive in the past? It’s not because the technology wasn’t good enough, but because there were too many 'rent-seeking layers' like custodians, intermediaries, and reconciliation processes. Now, with smart contracts streamlining the process, it’s essentially taking profits away from traditional intermediaries. So don’t ask, 'Can it work on-chain?' Instead, ask yourself: Which layer’s profits are going to be squeezed out? Who will become the new Bloomberg catching this wave of wealth? The 90s boom didn’t leave much for the old brokerage firms. This time, chances are, it’ll be the same. #Blockchain #SmartContracts #WallStreet #FinTech