Blockchain for financial services 

Build greater trust for all. You can bring new transparency, simplicity and efficiency to every financial transaction.

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Overview

Let’s make trust the financial world’s universal currency

What if we could revolutionize the financial world? Where old processes and paperwork are replaced by newfound cooperation, innovation and speed. Where fraud and crime could one day be put to rest by collective trust in a highly secure, shared view of the truth.

It’s already happening. Leading financial institutions are trailblazing the way forward with IBM Blockchain, working together to remove longstanding friction, create new solutions and deliver tangible business outcomes. Now it’s your turn to join them. What will we solve together?


Benefits
Operational simplification Blockchain enables real-time, multi-party tracking and management of bank guarantees and letters of credit. Automated compliance Depend on faster and more accurate reporting with an automated compliance process that draws on immutable data records. Faster settlement Benefit from the near real-time, point-to-point transfer of funds between financial institutions, removing friction and accelerating settlement.
91% of banks had invested in blockchain solutions by 2018 66% of institutions expect to be in production and running at scale with blockchain 73% of central bank survey respondents would require retail CBDCs to be available under all circumstances and for all types of payments.¹

What’s blockchain’s potential ROI in financial services?

Discover the positive impact Forrester says IBM Blockchain can have on your business. This report includes:

  • Blockchain technology and market overview
  • Financial model framework
  • Projecting new revenue and savings
  • Expanded economic impact and analysis of costs
  • Sample organization calculation and financial summary

Download Forrester Total Economic Impact™ of IBM Blockchain →

Watch the webinar: Explore the ROI of blockchain technology →


Blockchain for financial services solutions
Operate with more liquidity and speed using digital assets A unique digital representation of a financial instrument enables trade with more liquidity and speed at lower cost. See how blockchain for digital assets can help reduce the friction involved in creating, buying and selling securities. Learn about blockchain for digital assets Transforming trade finance and trade with we.trade By joining we.trade, the trade finance network convened by IBM Blockchain, businesses are creating an ecosystem of trust for global trade. Its standardized rules and simplified trading options decrease risk and increase opportunity for banks and SMEs. Learn about IBM Blockchain for trade finance ANZ Bank is helping reduce the potential for fraud A consortium including ANZ Bank is working together to transform financial guarantees. All participants now have a single source of information that increases efficiency and reduces the potential for fraud using paperwork. Watch the video: How to better manage financial guarantees (01:58) Twiga Foods boosts food kiosk sales in Kenya Twiga Foods uses IBM Blockchain to make loans to local food vendors. With smart contracts, the loans are processed quickly and more securely, helping businesses thrive and deliver more fresh produce. Read the blog: How microfinancing boosts a local economy Streamlining financial netting with blockchain A replicable solution built on the IBM Blockchain Platform is automating and speeding the process of financial netting. Clients are increasing security through encryption and enhancing transparency and trust with permissioned access to transaction data. Learn about financial netting with blockchain Automating the letter of guarantee process Banks issue letters of guarantee to vouch for the specific assets of their users during negotiated purchases. It used to be a time-consuming process, but IBM Blockchain solutions cuts it down significantly, while adding more security through better encryption. Discover the letter of guarantee process update
Industries

Blockchain revolutionizing industries

Industry leaders are using specialized applications of IBM Blockchain to remove friction, build trust and unlock new value — both across industries and around the globe. Select your segment to see how to overcome the challenges you face today.


Case Studies
Plastic Bank: Enabling plastic recycling and financial inclusion To help stop ocean plastic waste and alleviate poverty, the Plastic Bank is turning plastic into currency — before the plastic is thrown away. Watch the video: How plastic waste is reduced (02:06) Improving cryptocurrency security with blockchain and LinuxONE INBLOCK issues Metacoin cryptocurrency, which is based on Hyperledger Fabric, to help overcome cryptocurrency technical deficiencies – making digital asset transactions faster, more convenient and safer. Watch: Cryptocurrency security (02:03) First mover advantage in clearing and settlement IBM Blockchain is enabling real-time, point-to-point funds transfer between financial institutions, stripping out frictions and redundancies that impede efficiencies, and radically accelerating settlements. Read expert insights: CLS and IBM (376 KB)

Next Steps

Learn how to get started

No matter where you are on your blockchain journey, IBM can help you take the right next step. Learn how you can get started with IBM Blockchain.

Blockchain consulting and services

Leverage industry leading expertise and find a shorter path to innovation.  Benefit from joining established networks or build and scale your own along side experts.

Connect with an expert

Contact a representative and get help with questions on how to start you blockchain journey.

Blockchain use cases

Be inspired by how innovators are transforming their businesses through use cases built on the IBM Blockchain Platform.