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Blockchain in Banking
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What is the best approach for a bank to adopt blockchain? Can you elaborate some use cases, challenges and opportunities for a typical banking enterprise to adopt blockchain?
Blockchain
Banking
cryptocurrency
Bitcoin
Financial Analysis
Technical Leadership
ethereum
Hitesh Mathpal
76 months ago
76 months ago
2 answers
1
- Banks could adopt blockchain for payments. Indeed some central banks (e.g. China and South Korea) are against this, but for example in Russia the discussion about the cyber-rublo is going ahead;
- Trade finance is still based on paper but blockchain could be the next step for a modernisation;
- Loans, on this case to the technology is helpful to speed up with communication and processes;
- Check the identity of people and companies and keep a record of this;
- Alternative to fiat currencies, in particular when inflation is high.
Paolo Beffagnotti
76 months ago
76 months ago
Good information Paolo.
- Hitesh 76 months ago
Banking and Financial Services are early adopters of BC
- Dr. David E. 64 months ago
0
Thought that might help 
Hitesh Mathpal
63 months ago
63 months ago
AGREED - No need to explain. BC is probably best suited for banking, CCs and financial sevices today.
- Dr. David E. 63 months ago
BUT - it is not even close to suitability for healthcare.
- Dr. David E. 63 months ago
LINK: https://www.amazon.com/Dictionary-Health-Information-Technology-Security/dp/0826149952/ref=sr_1_5?ie=UTF8&s=books&qid=1254413315&sr=1-5
- Dr. David E. 63 months ago
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