Blockchain for financial services
Build greater trust for all. You can bring new transparency, simplicity and efficiency to every financial transaction.
Advancing global trade with blockchain
See the significant value of blockchain networks across industries and geographies as they facilitate collaborative exchanges among members.
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 letter of credits.
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 are investing 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
Blockchain for financial services solutions
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.
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.
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.
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.
Schedule a free 1-on-1 consultation with a blockchain expert to discuss your business needs
Blockchain consulting and services
IBM Blockchain Services
You need more than a great idea to achieve breakthrough healthcare success. IBM Blockchain Services and our consultants use outcome-driven network design principles to enable transformation of financial companies, networks, and ecosystems.
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.
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.
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.
Resources
Global trade benefits from interconnected marketplaces
For global trade to fully benefit from blockchain, trusted data needs to be shared across interconnected networks in digital marketplaces. See the report from the IBM Institute for Business Value (IBV).
Retail considerations for central bank digital currencies
Learn what steps central banks in more than 20 countries are taking for CBDC retail adoption, including development, implementation, privacy, and security.
Wholesale considerations for central bank digital currencies
Learn how banks are examining the viability of digital fiat currencies to complement physical cash in this detailed report.
Blogs: Blockchain for financial services
Blockchain is disrupting the financial services sector worldwide, across industries, financial institutions and organizations.
Banking technology solutions
See solutions that are agile, trusted, and transformative. Explore the future of banking technology on the hybrid cloud with IBM.