Implementing Blockchain in Banking : A Measured Approach

Blockchain has introduced a flurry of discussions and experimentations across the world. When Bitcoin, based on blockchain, grabbed headlines as a major cryptocurrency, it ignited discussions on the future of this new technology.

Today, the discussions at banks have gone past Bitcoin and cryptocurrency. Many are looking at various implementations and use cases, and examining the role of blockchain in streamlining key processes and make them more cost-efficient and immutable.

So is the financial services industry ready for the blockchain evolution? And how will it change the current industry as we know it?

These were the questions that were discussed, debated and dissected at an exclusive roundtable luncheon hosted by FST Media and Cognizant. Featuring key observers, analysts and practitioners from various areas of banking, the thought-provoking lunch highlighted the challenges and opportunities of blockchain adoption, and why it is still a few years away from industry integration.

Related Stories

Risk aversion a key roadblock to digital transformation – Deloitte
The report, which surveyed more than 3,500 business executives and managers globally, found that... Read More
ANZ, Westpac deliver blockchain-backed bank guarantees
The trial utilised Distributed Ledger Technology (DLT) to replace paper-based bank guarantee... Read More
Westpac joins global blockchain trial
Westpac joins 21 other banks from around the world, in addition to the six foundational... Read More
Asian finance giant to build blockchain-based transaction platform
The platform will include Asia-wide transactions, settlements and virtual currency payments between... Read More

Comments