World Economic Forum Examines How Blockchain Can Reshape Financial Services
On August 11, 2016, the World Economic Forum (WEF) released a 300-page report entitled "The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services," exploring how the financial sector “could overcome current-state pain points through distributed ledger technology (DLT).” The WEF has been one of....
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The recent World Economic Forum report showcases the importance of blockchain technology in the future of financial infrastructure. Read more... A comprehensive report by the World Economic Forum released yesterday reiterates the importance of blockchain technology in global finance. The 129-page report presents the findings of an in-depth analysis of nine different use cases of the distributed ledger technology. The report titled “The Future of Financial Infrastructure – An ambitious look at how blockchain can reshape financial services” presents the findings from an earlier....
With all the investment and experimentation financial institutions are devoting to blockchain technology, research organizations are getting a better idea of what the future financial services infrastructure will look like. Deloitte Consulting LLP and the World Economic Forum have taken a pragmatic approach to determining how blockchain, or distributed ledger technology (DLT) will help financial firms. A recent collaborative study [PDF], “The future of financial infrastructure; An ambitious look at how blockchain can reshape financial services,” explores how DLT can change processes like....
The World Economic Forum (WEF) and Deloitte have concluded that the blockchain is “the future of financial infrastructure” in a new report published today. World Economic Forum Praises So-Called ‘DLT’. Both parties announced the results of a year-long study based on the findings of their 2015 report, “Disruptive Innovation in Financial Services.” The....
Blockchain has been named a World Economic Forum Technology Pioneer as an innovative company with the potential to significantly impact business and society through new technologies and advance the Fourth Industrial Revolution. Why Blockchain? Blockchain was recognized for transforming the $13 trillion financial services industry – by empowering millions across the globe to authenticate and transact immediately and without costly intermediaries. Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum, says: “Blockchain is among those companies helping to shape the Fourth....
Several use cases of the Blockchain technology have been promised or are being explored by the Fintech and, as well as, other sectors such as health, entertainment and public sector, but none has come up with something concrete despite all the hype. Bitcoin’s Blockchain has been recognized for transforming the $13 trln financial services industry – by empowering millions across the globe to authenticate and transact immediately and without costly intermediaries. Attempts to tame it. Several companies have invested in proofs of concept and projects which aim to exploit the technology. In....