State Street is Experimenting With AI and Blockchain Tech
Blockchain is not the only game in town when it comes to new technologies disrupting operations.
CoinDesk spoke to State Street's executive VP of global exchange about his group's work on integrating artificial intelligence and blockchain technology into the bank's operations.
Part of State Street's revenue comes from the creation of indices based on information gleaned from the rest of its operations, such as the movement of funds, geographical trade volumes and private equity transactions.
A blockchain-based platform that facilitates the secure exchange of information, combined with an artificial intelligence algorithm that can extract trends without data disclosure, could do more than just lower costs for State Street – it could also make it easier for a broad range of enterprises to monetize their data.
CoinDesk's State of Blockchain 2016 Year in Review report summarizes key trends, data and events from the fourth quarter of 2016 and the year as a whole.
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