# The blockchain revolution

**Source**: https://engineering.nyu.edu/news/blockchain-revolution
**Parent**: https://engineering.nyu.edu/academics/departments/finance-and-risk-engineering

[Tandon in the Media](https://engineering.nyu.edu/news)

# The blockchain revolution

Published:

June 6, 2024

From

Evolving Money podcast

---

Cryptocurrencies represent the evolution of payment systems, building on blockchain technology's secure, decentralized infrastructure. The shift from physical to digital transactions follows historical precedents like the New York Clearinghouse, where, as Adjunct Professor [Roy Freedman](https://engineering.nyu.edu/faculty/roy-freedman)explains, "They [bankers] basically would meet in a room and exchange paper according to certain protocols and tally up their ledgers."

[Listen to the podcast](https://evolving-money.simplecast.com/episodes/the-blockchain-revolution)

Researchers

### [Roy Freedman](https://engineering.nyu.edu/faculty/roy-freedman)

Retired Adjunct Professor

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