Have the banks been caught up in the hype around blockchain, or will it transform the financial system in the years ahead? Have your say, by participating in the questionnaire accompanying Euromoney's investigation.
Banks are busily experimenting, both on their own and in collaboration, on potential commercial applications for new variants of the blockchain technology underlying bitcoin. Their excitement is growing at the substantial potential benefits of the shared ledger in lower costs and increased efficiency and so, too, is their fear of being disintermediated or of missing out. Participate in our questionnaire and see if you agree with other financial players when we publish results in the next edition of Euromoney.
In the second half of 2015 hype around the potential for shared ledger technology to transform banking rose to a peak. Now comes the hard work as banks and fintech companies seek to put test cases into actual use. As the first practical applications begin to emerge, Euromoney surveys the banking market to ask what’s next for the blockchain.
Banks have suddenly cottoned on to the power of the blockchain technology beneath Bitcoin. Inside their own treasuries and innovation labs, and increasingly in collaboration, banks are testing uses for rebranded distributed ledgers to replace their costly, proprietary systems.
Enthusiasts see banks creating a new fabric for payments transfer and financial markets, an internet of money.
Doubters sense it’s all hype.
Big challenges remain, but markets from private equity and syndicated loans to corporate bonds and derivatives may go on private blockchains within months.