In the same way that Shopify revolutionized e-commerce by making it accessible to millions of people looking to open their own online stores, on-chain rails are now set to revolutionize the financial advisory industry. According to Miguel Kudry, these on-chain rails are lowering the barriers to entry in the financial advisory business, making it easier for newcomers to get started in this competitive industry.
Traditionally, entering the financial advisory business required a significant amount of capital and resources. However, with the advent of on-chain rails, individuals can now leverage blockchain technology to provide financial advisory services without the need for a large upfront investment. This has democratized the industry, allowing more people to participate and compete in the market.
By utilizing on-chain rails, financial advisors can access a wider range of tools and resources to better serve their clients. This technology enables faster and more secure transactions, as well as increased transparency and accountability in the advisory process. Clients can now have greater confidence in the advice they receive, knowing that it is backed by secure blockchain technology.
Overall, on-chain rails are transforming the financial advisory business by making it more accessible, efficient, and secure. As this technology continues to evolve, we can expect to see even more innovation in the industry, ultimately benefiting both advisors and their clients.
