CoinDesk is pleased to announce its latest report delving deep into the world of finance and blockchain technology.
Blockchains are distributed electronic ledgers that are run over peer-to-peer networks and designed to transmit and store information transparently, securely and at speed. The same decentralised technology that underpins the digital currency bitcoin, blockchains have many possible applications across various aspects of finance and banking, as well as other fields. For financial institutions, blockchain technology holds great promise as a way to drive efficiencies into financial payment and settlement systems that have been slow to change. It also holds potential for revolutionising the issuance and tracking of stocks and shares. Over the last year, many of the world’s biggest banks have started seriously examining blockchain technology as a means to solve a variety of issues with legacy systems. To this end, many banks have started their own research projects or joined consortiums to experiment with blockchains, to seek ways to utilise the technology, and to potentially bring banking into a new, better connected era. And it isn’t just a hardcore tech-savvy fanbase that is touting the technology. Blythe Masters, former head of global commodities at JP Morgan has been telling Wall Street financiers: “You should be taking this technology as seriously as you should have been taking the development of the Internet in the early 1990s.” In our report, Banks and the Blockchain, CoinDesk explores the blockchain’s potential in the financial services industry, evaluates the main players and highlights some of the opportunities for the technology to disrupt traditional mechanisms in the financial markets. It also describes some of the potential challenges faced by pioneers in this sector, and outlines some possible solutions. | 
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