Summary
In this first of three industry-specific chapters, we explored the impact and real-world use cases of blockchain in the financial services sector. I started the chapter by explaining the impact that can already be seen on financial markets and services, and why blockchain is a viable technology for the financial services industry, as it addresses multi-party business processes and value exchange without complex transactions and shared data schemes. I then went over some of the key benefits for the financial services sector and how blockchain is already disrupting day-to-day operations in international trade finance and cross-border payments.
Next, we explored two (technically three) real-world use cases of blockchain in the financial ...
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