Monday, 21 September 2015

Blockchain in an Investment Bank


What does blockchain technology mean for an investment bank?

"Blockchain is a disruptive technology platform that uses cryptography and a distributed messaging protocol to create a shared ledger between trading counterparties. The idea is to allow for a simple transfer of asset ownership or more complex transactions using “smart contracts" 


Blockchain technology was originally leveraged by cryptocurrencies (Bitcoin being the first and most successful) whose popularity gave
rise to the idea of Blockchains as a means of building consensus. To that end, there are many functions within capital markets and other industries which can be simplified and enhanced by the order and validation in a distributed ledger via Blockchains."


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