Blockchain: the next blockbuster?

[namini]

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Blockchain’s characteristics will allow the technology to be applied across multiple industries and disrupt a multitude of existing processes. We explore blockchain’s application in financial services, summarising its benefits and the barriers to its adoption. 

 

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Instead of transacting via local currency accounts at correspondent banks around the world, banks would be able to send international payments in real-time by using blockchain and a digital currency. Using Ripple as an example, a bank would convert it’s domestic currency in to Ripple’s digital currency, known as XRP; a transfer would be made to a partner bank that would convert the digital currency to the desired currency and the recipient’s would then receive the payment.

 

http://www.delta2020.com/blog/156-blockchain-the-next-blockbuster

[Guest]

Blockbuster is a terrible term to use in terms of tech, it just reminds me of Blockbuster Video stores which are now a relic because they ignored streaming and the internet.

Edited April 9, 2017 by Guest