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Business Bytes: Blockchain: Can It Disrupt The Traditional Finance ?
Business Bytes: Blockchain: Can It Disrupt The Traditional Finance ?
Business Bytes: Blockchain: Can It Disrupt The Traditional Finance ?
Business Bytes
these once too large to fail incumbents and exploit unseen possibilities? In short, it
is network-centered thinking with platform-based business models.
For the massive financial services sector, blockchain technology (the software
behind the digital currency, Bitcoin) offers an opportunity to overhaul its existing
business model, including its banking infrastructure, approach to settlements and
customer interactions. But acting on this opportunity, and making the most of the
blockchain, is no easy task given the core beliefs and reinforcing systems that are
embedded in the industry.
Some of the big companies have started adopting blockchain technology in their
internal processes like:
Fun Facts :
Manvender Dagar