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Welcome to the Future of Finance with Blockchain

As an emerging technology, Blockchain still has an uncertain future. Predictions are still both positive and negative about its potential.

Blockchain is a digital, transactional ledger. It maintains identical copies of the same ledger across a series of computers within the same network. Blockchain can help deliver increased security, enhanced data recording, and faster processing to transform the future of finance.

Blockchain works on a distributed ledger model that records every transaction and maintains the chronology and authenticity of that information on a secure global network designed to be tamper-proof. The technology allows transacting parties to interact seamlessly, eliminating recordkeeping activities across procure-to-pay, order-to-cash, and record-to-report processes.

With this promise, blockchain has started to catch the imagination of finance and accounting executives with the possibility of transforming finance and accounting (F&A) operations similar to the ways the internet revolutionized knowledge sharing and collaboration.



Implications for finance

·         Increased efficiency from transparent records and a single source of truth

·         Enhanced data integrity to reduce loss

·         Improved customer experience through faster processing

·         Higher availability of capital and lower cost of business

Part of a new future for finance

Blockchain clearly will have significant impacts on the finance function and most organizations will gradually adopt the technology as they envision a new operating model for finance. We anticipate the following key trends:

·         Blockchains will connect to existing financial systems

·         Blockchains will be a hybrid of private and public ledgers

·         The regulatory environment will remain in flux

What are the Blockchain Use Cases in Financial Services?


1.      Capital Markets

·         Issuance

·         Sales and trading

·         Clearing and settlement

·         Post-trade services and infrastructure

·         Asset servicing

·         Custody


2.      Asset Management

·         Fund launch

·         Cap table management

·         Transfer agency in asset management

·         Fund administration


3.      Payments and remittances

·         Domestic retail payments

·         Domestic wholesale and securities settlement

·         Cross border payments

·         Tokenized fiat, stablecoins, and cryptocurrency


4.      Banking and Lending

·         Credit prediction and credit scoring

·         Loan syndication, underwriting, and disbursement

·         Asset collateralization


5.      Trade Finance

·         Letters of credit and bill of lading

·         Financing structures


6.      Insurance

·         Claims processing and disbursement

·         Parametrized contracts

·         Reinsurance markets

Such game-changing blockchain applications based on proven technology are considered highly likely. But the timing of adoption is by nature always speculative.

Have More Questions!!             

Email at:- sales@blockchaindevelopment.io

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