Blockchain Adoption Moving Rapidly in Banking and Financial Markets: Some 65 Percent of Surveyed Banks Expect to be in Production in Three Years

  • (2) “Blockchain Rewires Financial Markets: Trailblazers Take the Lead,” IBM Institute of Business Value (IBV), September 2016, ibm.biz/blockchainfm
  • A second new IBM study, “Blockchain Rewires Financial Markets: Trailblazers Take the Lead (2),” is based on a survey of 200 global financial markets institutions.
  • “To start, first movers are setting business standards and creating new models that will be used by future adopters of blockchain technology.
  • ARMONK, N.Y., Sept. 28, 2016 /PRNewswire/ — Commercial blockchain solutions are rapidly being adopted throughout banking and financial markets, dramatically faster than initially expected, finds two new IBM (NYSE: IBM ) studies.
  • Conducted by the IBM Institute for Business Value (IBV), the banking study revealed that more than 70 percent of trailblazers surveyed, or early adopters, are prioritizing blockchain efforts in order to break down current barriers to creating new business models and reaching new markets.

ARMONK, N.Y., Sept. 28, 2016 /PRNewswire/ —   Commercial blockchain solutions are rapidly being adopted throughout banking and financial markets, dramatically faster than initially expected, finds two …
Continue reading “Blockchain Adoption Moving Rapidly in Banking and Financial Markets: Some 65 Percent of Surveyed Banks Expect to be in Production in Three Years”

Blockchain Adoption Moving Rapidly in Banking and Financial Markets: Some 65 Percent of Surveyed Banks Expect to be in Production in Three Years

  • (2) “Blockchain Rewires Financial Markets: Trailblazers Take the Lead,” IBM Institute of Business Value (IBV), September 2016, ibm.biz/blockchainfm
  • A second new IBM study, “Blockchain Rewires Financial Markets: Trailblazers Take the Lead (2),” is based on a survey of 200 global financial markets institutions.
  • As the market evolves, blockchain technology may add at least one new revenue stream; the potential to monetize reference data looms large.
  • IBM is advancing the science of blockchain, helping to remove complexity, and making it more accessible and open.
  • “To start, first movers are setting business standards and creating new models that will be used by future adopters of blockchain technology.

ARMONK, N.Y., Sept. 28, 2016 /PRNewswire/ —   Commercial blockchain solutions are rapidly being adopted throughout banking and financial markets, dramatically faster than initially expected, finds two …
Continue reading “Blockchain Adoption Moving Rapidly in Banking and Financial Markets: Some 65 Percent of Surveyed Banks Expect to be in Production in Three Years”

IBM and Bank of Tokyo-Mitsubishi UFJ to Use Blockchain For Contract Management between the Two Companies

  • IBM is advancing the science of blockchain, helping to remove complexity, and making it more accessible and open.
  • IBM is rapidly expanding its blockchain consulting services and capabilities and actively working with clients to understand what it takes to make blockchain ready for business.
  • Today, we are embarking on a journey with IBM to exploit the potential of this new technology.
  • IBM and BTMU have built a prototype of smart contracts on a blockchain to improve the efficiency and accountability of service level agreements in multi-party business interactions.
  • We are very pleased with the outcome of the first blockchain proof of concept working with IBM Research and IBM Global Business Services and we look forward to seeing these blockchain applications come to fruition.”

SINGAPORE, Sept. 16, 2016 /PRNewswire/ — IBM (NYSE: IBM) today announced it has signed a contract with the Bank of Tokyo-Mitsubishi UFJ (BTMU) to examine the design, management and execution of contracts among business partners using blockchain technologies. IBM and BTMU have built a prototype of smart
Continue reading “IBM and Bank of Tokyo-Mitsubishi UFJ to Use Blockchain For Contract Management between the Two Companies”

IBM and Bank of Tokyo-Mitsubishi UFJ to Use Blockchain For Contract Management between the Two Companies

  • IBM is advancing the science of blockchain, helping to remove complexity, and making it more accessible and open.
  • IBM is rapidly expanding its blockchain consulting services and capabilities and actively working with clients to understand what it takes to make blockchain ready for business.
  • Today, we are embarking on a journey with IBM to exploit the potential of this new technology.
  • IBM and BTMU have built a prototype of smart contracts on a blockchain to improve the efficiency and accountability of service level agreements in multi-party business interactions.
  • We are very pleased with the outcome of the first blockchain proof of concept working with IBM Research and IBM Global Business Services and we look forward to seeing these blockchain applications come to fruition.”

SINGAPORE, Sept. 16, 2016 /PRNewswire/ — IBM (NYSE: IBM) today announced it has signed a contract with the Bank of Tokyo-Mitsubishi UFJ (BTMU) to examine the design, management and execution of contracts among business partners using blockchain technologies. IBM and BTMU have built a prototype of smart
Continue reading “IBM and Bank of Tokyo-Mitsubishi UFJ to Use Blockchain For Contract Management between the Two Companies”