"The password is outdated and no longer fit for purpose. We need to find new ways of securing our data, mail and applications... The challenge is to make security simple and convenient for customers – otherwise, they’ll refuse to use it."

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.