Cryptocurrency and Blockchain

 Cryptocurrency and Blockchain 

      

Blockchain is that the technology that permits the existence of cryptocurrency (among other things).Bitcoin is that the name of the best-known cryptocurrency, the one that blockchain technology was invented.A cryptocurrency may be a medium of exchange, like the US dollar, but is digital and uses encryption techniques to regulate the creation of monetary units and to verify the transfer of funds.

A blockchain may be a decentralized ledger of all transactions across a peer-to-peer network.Using this technology, participants can confirm transactions without a requirement for a central clearing authority.Potential applications include fund transfers, settling trades, voting,etc.

Financial institutions are exploring how they might also use blockchain technology to upend everything from clearing and settlement to insurance.We explore the first days of bitcoin and supply survey data on consumer familiarity, usage, and more. We also check out how market participants, like investors, technology providers, and financial institutions, are going to be affected because the market matures.

1.A strategist’s guide to blockchain examines the potential benefits of this important innovation—and also suggests how forward for financial institutions. Explore how others might attempt to disrupt your business with blockchain technology, and the way your company could use it to leap ahead instead.

2.Building blocks: How financial services can create trust in blockchain discusses a number of the problems internal audit and other parties may have with a blockchain solution, and the way you'll start to beat a number of those concerns.

3. Our Global Blockchain Survey explores the present state of the technology across all sectors and geographies.

Blockchain announcements still occur, although they're less frequent and happen with less fanfare than they did a couple of years ago. Still, blockchain technology has the potential to end in a radically different competitive future for the financial services industry.