September 12, 2016 | Written by: Tim Richer
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Heading to Sibos 2016 in Geneva this year? You’re not alone! Only a few weeks remain until the world’s largest premier financial services event. More than 8000 business leaders, decision-makers and experts from around the world will discover how blockchain networks are driving innovation across financial services and banking.
Banks, investment banks and financial marketplaces were among the first to identify the possibilities of blockchain. And they are beginning to reap the benefits. Mizuho Financial Group recently announced a partnership with IBM to test the potential of blockchain for use in settlements with virtual currency. Mizuho will incorporate blockchain technology to explore how payments can be instantaneously swapped, potentially leading to new financial services based on this rapidly evolving technology.
Another example: IBM Global Financing piloted a blockchain solution that freed up 40 percent more capital and decreased dispute resolution time from 40-plus days to less than 10.
These are just two examples of how blockchain can be applied to eliminate friction, increase efficiency and reduce costs across a business network.
Check out the following blockchain sessions at Sibos to learn more. All session times listed in Greenwich Mean Time (GMT).
Monday. Sept. 26
“Insights on Blockchain: A panel discussion of early adopters hosted by IBM,” 11:30 AM – 12:00 noon. Are you curious about blockchain and what it can do for your business? Attend a panel discussion hosted by John McLean, Vice President of Blockchain Labs and CTO Europe IBM, along with early adopter financial institutions who will discuss implementing blockchain, building business networks and blockchain use cases.
“Blockchain academy,” 1:30 PM – 2:30 PM. Join Jerry Cuomo, IBM Vice President of Blockchain Technologies as early adopters in the industry discuss their challenges, successes and future plans with blockchain. These sessions will include an open Q&A and will be hosted in the IBM Theatre, next to the Palexpo. No Sibos pass is required to attend.
Tuesday, Sept. 27
“Blockchain academy,” 10:15 AM – 11:15 AM. Join a discussion with James Wallis, IBM Vice President of Global Payments Industry and Blockchain.
Wednesday, Sept. 28
“Blockchain and correspondent banking – the way to go?“ 9:00 AM – 10:00 AM. This panel brings together experts in banking and blockchain to discuss the opportunities and challenges for practical application of blockchain to the correspondent banking-value chain. Featuring James Wallis.
“Cognitive business and the future of financial services,” 11:30 AM – 12:30 PM. This must-attend panel session will open with a keynote from Ginni Rometty, Chairman, President and Chief Executive Officer of IBM. She will explore how a new class of cognitive systems that understand, reason and learn, will combine with intelligent automation and blockchain networks. Combined, the systems will transform operations, compliance, security and engagement across every industry, delivering truly individualized and secure client experiences. The panel will be followed by a moderated discussion with Sergio P. Ermotti, Group Chief Executive Officer at UBS, around the future of the financial landscape.
Innotribe networking night, sponsored by Hyperledger, 7:00 PM – 10:00 PM. Hyperledger Executive Director Brian Behlendorf kicks off the activity with opening remarks, and participants will find talking points to strike up conversations with their peers by watching video demos of the technology.
In addition to these sessions, look for IBM in booth B40 at the Sibos expo. Register to attend Sibos online at the Sibos website.