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Blockchain Daily News - DLT, token, ICO, crowdsale journal

What treasury needs to know about #blockchain

The swift development and promises of blockchain means it has moved from theory to reality. An April 2016 research briefing by Morgan Stanley found that financial institutions alone are expected to spend over US$1bn on blockchain projects in 2017.

Distributed ledger technology (DLT) is not new, but interest around its potential applications is rising and opportunities for blockchain – from fraud prevention and risk mitigation to faster settlement and more transparent payment flows – cannot be ignored. Blockchain can be defined as a “single immutable record of events”; hence offering compelling benefits. We are at the beginning of the journey and the ways in it will change business models, processes, and ecosystems are yet to be seen. Nonetheless, we can expect immense potential up and down the value chain.

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Monday, August 29th 2016
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