January 2019
Intermediate to advanced
258 pages
7h 12m
English
Content preview from Blockchain for Business 2019
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Areas where blockchain can be handy
Think about the current state of the banking system. At present all banks are required to do careful due diligence on each and every one of their clients to prevent financial crime, such as money laundering and terrorist financing. This requirement is called know your customer (KYC) and takes a huge amount of time and paper processing by large teams at each bank. Each bank does KYC separately, so the process can be repeated many times over for the same clients if they have dealings with different financial institutions. Imagine how this process can be optimized if a group of banks shares a private blockchain, where each client is onboarded only once, and all parties can trust the information in it. The ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.