Sentences with phrase «financial services industry blockchain»

David Treat, managing director for Accenture's financial services industry blockchain practice, says in an emailed statement: «As we move into production implementations, bank executives will need a clear roadmap for how and where to rethink their strategies and redesign their operating models, which is why we undertook this unique study.»

Not exact matches

Our view is that blockchain is a core fundamental technology that will end up having a profound impact on many industries, not just the financial service industry.

Blockchain technology may have dramatic effects on financial services, according to some industry experts.

«Blockchain - related technologies have the potential to bring about major change in the financial services industry,» David Furlong, senior vice president of artificial intelligence, venture capital and blockchain at National Bank of Canada, said in a Blockchain - related technologies have the potential to bring about major change in the financial services industry,» David Furlong, senior vice president of artificial intelligence, venture capital and blockchain at National Bank of Canada, said in a blockchain at National Bank of Canada, said in a statement.

Given the promise and peril of such a disruptive technology, many firms in the financial industry, from banks and insurers to audit and professional service firms, are investing in blockchain solutions.

While initial applications focused on the financial services industry, the potential for blockchain is so broad that many other industries present opportunities, including: cybersecurity, academia, government, transportation, entertainment, real estate, insurance, healthcare, energy management, and information technology.

Since the introduction of bitcoin in 2008, the popularity of cryptocurrencies and blockchain technology has increased tremendously in the financial service industry.

Adam is a member of Chain - Finance which provides dedicated news / events for the blockchain financial services industry.

Blockchain technology may be used widely in the financial services industry, but that doesn't necessarily mean it will see a smooth transition...

«Blockchain Technology could transform the financial industry and help to create new and improved financial services for clients.

As such, EY's recent announcement is further evidence that the financial and consulting services industry sees a significant future in blockchain implementation and that the firms are preparing to offer their clients customizable services and applications adapted to their specific needs.

Its reservations over ICOs notwithstanding, Capital Group professes its enthusiasm for blockchain technology in an article on one of its websites, which states that «blockchain aims to finally transform the financial services industry.»

EY, also known as Ernst & Young, has formed the Ops Chain to integrate blockchain technology across its practices, from financial services and logistics to other industries such as automotive, media, and oil and gas.

Recent industry awards and recognitions include: Frost & Sullivan Best Practices Award: «Global Blockchain Financial Service Provider 2017»; KPMG & H2 Ventures «Fintech 100 Emerging Star»; «Top 100 FinTech Europe» 2017 & 2016; Nordic Startup Award «Best Fintech Startup Denmark 2017»; and «Top 50» Financial IT Pathfinder Ranking.

Axel Threlfall, Reuters Editor - at - Large, chats with David Craig, President of Financial & Risk at Thomson Reuters, and Peter Smith, CEO of Blockchain, about the impact blockchain is having and will have on the financial services Financial & Risk at Thomson Reuters, and Peter Smith, CEO of Blockchain, about the impact blockchain is having and will have on the financial servicesBlockchain, about the impact blockchain is having and will have on the financial servicesblockchain is having and will have on the financial services financial services industry.

Due in part to its roots as the backbone of a digital currency, blockchain is furthest along on the development curve in the financial services industry.

It's not just the financial services industry that's being disrupted by blockchain.

Interest in blockchain originally came from the banking and financial services industry but quickly grew to others to include transportation and logistics, e-government and digital identity, e-commerce and retail, as well as music and entertainment, among others.

Interest in blockchain originally came from the banking and financial services industry

Recent estimates from McKinsey & Co suggest that blockchain could generate $ 80 to $ 110 billion of value in the financial services industry alone (McKinsey, 2017).

We are convinced that blockchain technology has the ability to transform not only financial services but also other industries... We value Blockstream's open source approach and its sidechain technology, which will allow interoperability between different chains and provide critical long - term success in this sector.

As FinTech companies disrupt the financial services industry with marketplace lending and blockchain - based supply chains, wholesale banks are meeting the challenge by reprioritizing IT spending and improving their innovation capacity.

With this podcast, Shin interviews industry pioneers across tech, financial services, health care, government, and others to get the 411 on new opportunities blockchain is creating.

Blockchain has become a buzzword in the financial services industry, attracting billions in venture capital investment from some of the largest firms across the financial services landscape.

The prospect that financial services could be caught up in the disruptive innovation that has shaken up many other industries moved a step closer after the Australian Securities Exchange (ASX) announced it would start to use blockchain technology in its equities clearing and settlement systems.

To date, the IDFPR has actively engaged in several endeavors to embrace blockchain integration with the financial service industry, including joining R3 and partaking in the Illinois blockchain initiative.

Schneider says the IDFPR is open to assisting companies that utilize a number of progressive technologies, such as blockchains; Distributed Ledger Technology (DLT); and digital currencies, in order to assist innovation in the financial services industry.

The Impact of Recent Innovation on Trading, Settlement, and Clearance Activities panel focused on blockchain technology and its ability to transform various facets of the financial services industry.

But more recently the technology underlying the currency — referred to as «blockchain» or «distributed ledger» technology — is being touted as the next big thing poised to transform the financial services industry.

Bitcoin's dramatic rise may have put it in the cryptocurrency spotlight early on, but it's the underlying blockchain technology that will continue to shape industries like financial services, regardless of what digital curren...

What legal issues will you be asked to grapple with in 2017 as blockchain continues its transition from the startup community to the financial services industry?

Join us for an in - depth discussion with practitioners in the nascent blockchain industry and some of the innovators creating the financial services products of tomorrow.

With the possibility of these extraordinary savings, it is no wonder that worldwide industries including healthcare, financial services energy and more are already exploring and expanding blockchain technology services:

More than a dozen Indian insurers, including HDFC Life, India First Life and Canara HSBC OBC, have jointly begun the country's first blockchain project in the financial services industry to help rein in costs for companies running medical tests and evaluations, and to ensure confidentiality...

And while the technology was developed in the financial services sector, blockchain has applications in multiple industry sectors as it enables true peer - to - peer interactions with minimal additional infrastructure requirements.

These expanded development teams are aligned with our global R&D labs and will be integrated with our financial services and business operations teams to enable business - led, innovative products that address industry issues using blockchain technology.

A caveat of all this interest in blockchain from the financial services industry is that it wants a similar technology with the perceived benefits, and not the actual blockchain underlying Bitcoin.

An event presented in a series of top - level keynotes, interactive panel discussions and solution - based case studies with a focus on learning and building partnerships in the emerging Blockchain space, BlockChain World Forum will explore the industries that are set to be disrupted the most by this new technology, including; legal sectors, financial services, insurance, energy, music, government, real estate and more.

World Blockchain Summit is perfectly positioned to serve the demands of financial services industry — to emerge from all the hype and make it through a proof - of - concept stage.

It is the first and only Blockchain Conference in India featuring Vitalik Buterin (inventor of Ethereum) and international blockchain tech experts for futurist CEOs in Banking & Financial Services, Information Technology & other Blockchain Conference in India featuring Vitalik Buterin (inventor of Ethereum) and international blockchain tech experts for futurist CEOs in Banking & Financial Services, Information Technology & other blockchain tech experts for futurist CEOs in Banking & Financial Services, Information Technology & other industries

While MIT has long been involved in supporting the bitcoin and blockchain industries through research, the aim of this project is to develop blockchain, financial services and other enterprise data projects, the university said.

Even if the R3 team is right in that a private network is the best way to stimulate innovation in the financial services industry, there are many applications for Bitcoin and the Bitcoin blockchain in industries outside of financial services.

The report found that «blockchain technology may result in a radically different competitive future in the [financial services] industry.»

Many in the financial services industry were all too eager to forget that bitcoin was the mother of blockchain technology.

Fan Bao, the CEO of China Renaissance, said in an interview with CNBC that while bitcoin's market may be a bullish one, he believes that underlying blockchain tech is more attractive and «probably the most disruptive technology... in the financial services industry.»

For example, IBM (NYSE: IBM) is developing blockchain solutions for the financial services industry, as well as non-currency applications.

News of the insurance product comes as Japan's financial services industry adopts a generally more aggressive stance toward digital currencies and blockchain.

Some technology vendors pivoted from bitcoin (not well paid) to industry workflow tools (better paid) and tried to retrofit iterations of bitcoin's blockchain technology into perceived financial service problems, often without understanding the problems and the context of the financial service problems in the first place.

Startup Digital Asset Holdings, described as «a New York firm developing blockchain solutions for the financial services industry,» duly secured investment from fifteen financial institutions, including lead investor, JPMorgan Chase, which is not surprising as DAH is itself led by former JPMorgan Chase banker Blythe Masters.

As such, the partnership affirms how bringing blockchain to banking, financial services and the insurance industry has been a focus for Microsoft.