Robert HansonSenior Research Consultant Data61
11:40 AM Exploring Blockchain and Its Potential Influence for Application in Efficiency Processes and Security
Blockchain enables businesses and banks to process payments more quickly and accurately while reducing transaction processing costs and the requirement for exceptions. Its reported potential for reducing bank infrastructure costs was 30% in 2017 and the potential savings were approximately $8-$12 billion. It can also create new products and generate new revenue streams. With so many players looking into blockchain technology and platforms, it is definitely an area to watch.
In this session…
- Exploring the further use and application of blockchain as an improvement software to make business processes more efficient and secure
- Understanding the potential of blockchain technology and how it will radically change the competitive future of the financial industry
- Detailing the streamlining of payments and trading using blockchain