blockchain
How financial services can see gains with blockchain
For banks and other financial enterprises, collaborative solutions are essential to digital transformation. Yet such firms are often caught in the “prisoner’s dilemma,” meaning they fail to cooperate even when it would be beneficial. The concept stems from the lack of trust between two prisoners being questioned separately by the police: because they distrust each […]
How blockchain can build trust in the financial ecosystem
Having grown up in a formerly communist country, I have seen how the whole society suffered from a lack of trust—of each other and especially of the authorities. I now see that same lack of trust within the financial services sector between users, authorities and other stakeholders. And I think technology can also disrupt trust. […]
How high-tech blockchain is changing the payments world
Whether a financial institution is a universal bank offering a broad array of products and services or a niche digital startup, the basic challenges are the same: providing cybersecurity, reducing compliance costs and speeding time to market of new products and services. We at Mbanq know this because we provide a digital banking SaaS platform […]
How high-tech blockchain is creating new payment opportunities
A time to experiment In the eyes of Santander’s corporate Innovation Group, which I lead, the year 2015 stands as a kind of turning point in the way the industry was looking at innovation. There was, in many ways, a deepening awareness that there were technologies coming onto the scene that would change the banking […]
How blockchain technology is helping bands and their fans
The trouble with tickets You’ve probably thought about it: getting in at the ground floor of an IPO is a dream come true. For the vast majority, however, it remains only a dream — accessible only to a relatively small group of privileged investors. To get a piece of the action, the average person has […]
How banks and blockchain offer new trading opportunities
A question of risk Call it a dilemma, or a vicious circle, or better yet, a Catch-22. It’s what most small companies face when they first look to engage in international trading. On its face, international trade is about buying and selling across national borders, representing new market opportunities. But like most opportunities, international trading […]
How blockchain technology can help improve everyday life
At Interac Corp., a leading provider of payment services in Canada, we’ve discovered that blockchain for business can improve everyday life. Consider that blockchain’s promise lies in its ability to weave together networks of previously independent people, organizations and industries to create new value chains. These can help to transform business models, deliver new customer […]
How blockchain helps spark innovation for energy grids
Electric utilities are in the midst of a once-in-a-lifetime business model transformation. To capitalize on energy technologies that give customers new choices and change the structure of the electrical grid, utilities must adapt to a new reality. We at Alectra Utilities Corp., a utility serving one million homes and businesses outside of Toronto in Ontario, […]
Why ANZ bank is optimistic about blockchain technology
With so much hype surrounding blockchain, we at ANZ bank have been keen to develop practical and deliverable use cases. We’re optimistic about one that applies distributed ledger technology to digitize financial guarantees between landlords and tenants in commercial property leasing. Working in a modest consortium with Westpac bank, shopping center operator Scentre Group and […]