Use Cases of Blockchain in Finance
The blockchain today seems to be a panacea, the solution to every industry’s trust problem. Igor expands on this idea and discusses seven areas that will be the drivers of operational savings.
Overview
According to a very prominent study done by Santander and Oliver Wyman, the blockchain will save banks about 20bn USD per year, starting 2022. These savings are a result of the tremendous efficiency that the blockchain provides which cuts operational costs. It is expected that new revenue streams as a result of the blockchain (which have not been considered in this estimate) will also help the banks.
Key learning objectives:
Briefly describe the 7 major use cases of blockchain in the finance industry
Summary
Expert
Igor Pejic
Igor is the author of “Blockchain Babel: The Crypto-Craze and the Challenge to Business.” The book was a Financial Times Book of the Month and a finalist in the Bracken Bower Prize. He has published more than 50 articles on blockchain and financial technology. Moreover, Igor is the Head of Marketing and Product Management for BNP Paribas Personal Finance in Austria.
