Title: Blockchain Solutions for Banking and Finance Industry
1Blockchain Solution for Banking and Finance
Industry
2Blockchain As a Solution for Banking and Finance
Industry
Overview
Surpassing the Bitcoin trend the blockchain
technology is set to revolutionize the financial
services with its deeply researched perks like
the increase in efficiency, promotion of secure
and transparent transactions, integration of
innovated automation to speed up business
processes, decentralization, tamper-protection,
and non-repudiable, etc. Blockchain, the public
or private ledger that is responsible for storing
information about every Bitcoin transaction and
maintaining smart contracts, today has come up
as one of the most influential research topics in
the banking and financial sector.
3Blockchain As a Solution for Banking and Finance
Industry
Statistics
There were reported investments of almost half a
billion dollars in 2015 by Venture Capital (VC)
firms in the field. In addition to it, there was
an investment of about US 75 million in 2015 by
financial institutions in the blockchain
technology field and the investment amount is
expected to grow about five times this value in
2019. BBVA and USAA Bank have reportedly made
investments worth millions of dollars in Coinbase
and Circle that are influential Bitcoin service
providers to carry fruitful researches upon the
blockchain applications.
4Blockchain As a Solution for Banking and Finance
Industry
What is Blockchain Technology?
According to Melanie Swan, Founder of Institute
for Blockchain Studies, Blockchain technology
should be thought of as a comprehensive
information technology with tiered technical
levels and multiple classes of applications for
any form of asset registry, inventory, economics,
and money hard assets (physical property) and
intangible assets (votes, ideas, reputation,
intention, health data, information, etc.).
5A blockchain can be defined as a secured yet
public distributed database that is formed by a
continuously growing list of blocks that allow
peer-to-peer exchange of information over the
database itself in a secured (Tamper-proof), and
non-repudiable way.
Understanding Blockchain in a more literal way-
Key Benefits of Blockchain Technology For The
Financial Sector
- High Security ? Data Integrity and Consensus
- Increased Efficiency of Registry Process ?
Non-repudiability with Effective Tracking - Decentralized Control ? High Extensibility
- Enhanced Privacy ? Cost-effective Registry
Process
6Benefits of Blockchain Technology
7Financial Businesses Using Blockchain Technology
8Anatomy of A Typical Blockchain Transaction
9What Endive Software Can Offer You
Blockchain Applications and Solution Development
Blockchain Middleware and Services
Payment Solution Development Bitcoin Wallets
Infrastructure and Base Protocols -
Etherium/Hyperledger
10Industries We Offer Blockchain Solutions For
eHR and Healthcare
Legal and Compliance
Financial Services/Fintech
Supply Chain
Enterprise Blockchain
Education
11Thank
You
- Blockchain Solution for Banking and Finance
Industry - POWERED Endive Software