blockchain in banking

Three uses for blockchain in banking

The banking and financial services industries have a complex relationship with blockchain, the distributed ledger technology that was popularized by cryptocurrencies such as Bitcoin. On the one hand, blockchain presents numerous opportunities to transform how people exchange value. The technology provides participants in a business network with a shared, immutable history of transactions — records […]

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On the horizon: New blockchain solution for cross-border payments

Businesses and consumers just want to be able to move their money around the world as effortlessly as they send email. What’s stopping them? One reason may be that international payments infrastructures can be inefficient and expensive: transactions in different currencies can require multiple intermediaries and take days or weeks to complete. Improving operational efficiency […]

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New collaboration on trade finance platform built on blockchain

Challenges in international trade finance are a major barrier to growth in global trade. Trading partners today rely on a on complex and paper-heavy process to secure their transactions. Seeking to address this issue, Swiss bank UBS and IBM began work in 2016 on a global trade platform based on blockchain, the shared, distributed ledger […]

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Digital process automation and blockchain in financial services

Blockchain is more than a buzzword — it is a game-changer with the potential to revolutionize business operations across industries and the replay of a blockchain webinar will expand this discussion into the ongoing impact of blockchain in the financial services sector. Financial institutions handle multi-party business transactions daily, and many are investing heavily in […]

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It’s all about trust: Blockchain for identity management

What will you find at the center of every business interaction? People. They are the heart and soul of commerce. However, what is vital to every transaction is trust, and trust in business relationships is built on knowledge. That’s why banks and other business institutions have KYC (know your customer) requirements for identifying and verifying […]

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Blockchain technology and the future of financial products

In my previous blog post, I discussed my work influencing the direction of blockchain technology adoption in finance, noting how far we’ve come in just three years. Now, I’m moving into a new role at IBM Research, and I will focus on what is commonly referred to as “top of stack” product development. That is, […]

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Blockchain in finance: How far we’ve come

Professionally, one of the most exciting aspects of working on blockchain technology is finding out on a daily basis the opportunities available for me to influence so many things. These include the evolution of blockchain platforms, protocols, consensus algorithms, ledger models and message propagation algorithms, and the evolution of advanced financial applications as a direct result of blockchain enablement. But what […]

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