Quotidien finance innovation, innovation financière journal
Financial Year with Finyear
 
 
 
 
 


              

Banking on the blockchain


By Jarle Holm, leader of Innovation Lab, Financial Services in EVRY.




Jarle Holm
Jarle Holm
From being a mysterious technology for questionable environments, blockchain is now drawing interest from established players in the banking and finance market.

Bitcoin

The very first application of the “blockchain” technology was the cryptocurrency known as Bitcoin, which proved that it was possible to create “digital cash”, allowing members of the blockchain network to transact directly and anonymously, without any central authority or intermediary.

What is blockchain

A blockchain is a network of computers, where all the members of the network maintain a shared, trusted, public ledger that everyone can inspect, but that no single user controls. The ledger is built using a linked list, or chain, of blocks, where each block contains a number of transactions that was performed in a given timespan.

This feature attracted attention from plenty of tech-enthusiasts, who saw the possibility of revolutionising the way finance is performed. Unsurprisingly, the promise of anonymity also appealed to people with less honourable intentions, and bitcoin gained an unsavoury reputation due to some widely published scandals.

Interest in the financial market

This year however, almost every major financial institution in the world has seemed to realize the potential of the underlying blockchain technology, and how a shared, replicated ledger can be utilized for massive efficiency gains. In a twist of irony, the technology that was heralded to be the end of bank and government control, suddenly was spotlighted to be the ultimate revolution in how banks will upgrade their back-end systems for the future.

Initiative by EVRY

EVRY is now exploring how to use blockchain technology on syndication of loans, which is an obvious field of use. In parallell, we investigate other valuable applications and how we can work with product developement as requirements will mature.

EVRY has published a whitepaper titled Blockchain – Powering the Internet of Value. In this paper we provide comprehensive insight into the technology, as well as its potential use in the finance industry. Use-cases within trade finance, capital markets, as well as domestic and international payments are proposed.

Read EVRY’s whitepaper Blockchain: Powering the Internet of Value here:
www.evry.com/globalassets/insight/bank2020/bank-2020---blockchain-powering-the-internet-of-value---whitepaper.pdf

Jarle Holm is the leader of Innovation Lab, Financial Services in EVRY, that have produced the white paper Blockchain – Powering the Internet of Value.

My Blockchain Company est partenaire des rubriques blockchain de votre quotidien Finyear.
Pour lire tous les articles Finyear dédiés Blockchain rendez-vous sur www.finyear.com/search/Blockchain/

Participez à la conférence "Blockchain Leaders" éditée par Finyear.
Pour cela inscrivez-vous sur www.bl0ckcha1n.com

Les médias du groupe Finyear

Lisez gratuitement :

Le quotidien Finyear :
- Finyear Quotidien

La newsletter quotidienne :
- Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises de la finance d’entreprise et de la finance d'affaires.

Les 6 lettres mensuelles digitales :
- Le Directeur Financier
- Le Trésorier
- Le Credit Manager
- The FinTecher
- The Blockchainer
- Le Capital Investisseur

Le magazine trimestriel digital :
- Finyear Magazine

Un seul formulaire d'abonnement pour recevoir un avis de publication pour une ou plusieurs lettres

Mercredi 20 Janvier 2016
Notez




Nouveau commentaire :
Twitter

Your email address will not be published. Required fields are marked *
Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *



Recevez la newsletter quotidienne


évènements


Lettres métiers


Livres Blancs




Blockchain Daily News