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.