Blockchain in financial services

Blockchain is disrupting the financial services sector worldwide among industries, financial institutions and organizations.

Blockchain to transform insurance value chain

The insurance industry at its core is built on the legal promise to pay a compensation in case of a loss. Trust is at the core of this promise. However, the level of trust consumers have on their insurance provider is average. The IBM Institute for Business Value (IBV) surveyed 1,100 business insurance executives in 34 countries […]

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Streamlining financial netting with blockchain

A process that is ripe for digitization and automation is financial netting, a way of consolidating or reconciling multiple payments between two or more parties to create a single amount due to each participant. It simplifies doing business and reduces risk. Banks do it. Securities, currency and other markets do it. Service providers, central exchanges […]

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Patient data helps navigate the COVID-19 crisis for nine million Ohioans

From electronic healthcare records to mapping the human genome, data remains critical to quality healthcare. At no time could the significance of healthcare data be more crucial. The COVID-19 crisis has magnified the importance of collecting and maintaining accurate medical information. Working with IBM, we at The Healthcare Collaborative developed a solution built on IBM InfoSphere […]

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Blockchain for invoice reconciliation and dispute resolution

Every industry experiences a productivity hit when discrepancies arise around financial settlements. In the supply chain, for example, processes that may even be part of an automated procure-to-pay workstream grind to a halt when an invoice and the related goods received documentation don’t match up. Even data-driven industries like telecommunications are affected, with hundreds of […]

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Bank guarantees: Jumping from paper to blockchain

There is a genuine need to digitize the archaic process by which tenants, banks and landlords negotiate bank guarantees. When a retailer wants to lease a property to open a store, the landlord requires a bank guarantee that says, “You’re good for the rent.” To date, this process has been primarily paper dependent. Today, some […]

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Blockchain Newsletter for July: Are digital health passports in our future?

As the world steps cautiously towards reopening, can a health passport increase safety and confidence? In light of COVID-19, using blockchain to verify identity and health status is taking center stage — with reservations. In this month’s briefing, we also look at why traditional banks and investment firms are turning bullish on blockchain as a business strategy. […]

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The future of blockchain

In March 2010, Bitcoin had a value of less than a penny. Less than a decade later, each Bitcoin had a value of almost USD 20,000 and early investors were driving Lamborghinis. And while the excitement around Bitcoin will always be intrinsically tied to the price, its ubiquity drove blockchain, the technology that secures cryptocurrency, […]

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Blockchain and the unbanked: Changes coming to global finance

Cryptocurrencies may have become better known for their wild fluctuations and unwanted links to scams in recent times, but it’s worth remembering the potential that digital coins hold as a force for good. The world has over 1.7 billion people who have no access to any form of banking infrastructure, despite many of them having […]

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Episode 15: Potential of blockchain in accounting and crowdfunding

Listen to this IBM Blockchain Pulse Podcast episode and others on iTunes, Spotify, TuneIn and Stitcher.   Going down the blockchain rabbit hole with Dr. Sean Stein Smith While your host, Matt Hooper, has only been passionate about all things decentralization for five years, his guest today, Dr. Sean Stein Smith, was an early champion […]

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