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Finance And Risk Functions Poised To Unlock Blockchain's Potential 

August 3, 2016

Steve Culp, Forbes

While financial institutions discuss and evaluate the potential benefits of blockchain, finance and risk executives are perfectly positioned to capitalize on its potential today.

When does hype become reality? It’s an interesting question that often comes with an ambiguous, imprecise answer – particularly when we’re talking about the world’s most well-known distributed ledger technology platform: blockchain.

Financial institutions have been increasingly swept up in a fast-moving dialogue over its promise and potential application. But what would a blockchain-centric financial system look like in the future?

While blockchain has extraordinary potential to positively disrupt the financial ecosystem, its application – outside a limited number of test cases — is largely theoretical. To reach a point of widespread adoption, broad, systemic usage across a wide range of financial market participants is needed. Regulatory mandates could also be key drivers of adoption, though this could be three to five – or more – years off.

Blockchain’s potential, however, doesn’t need industry cooperation for value to be realized now. Read more

 
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