HTF Market Intelligence released a new research report of 38 pages on title ‘Blockchain in Retail Banking – Thematic Research’ with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Europe, Asia Pacific, South America, Middle East & Africa and important players such as Accenture, Cognizant, Credit China FinTech etc.
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Blockchain technology, often referred to as distributed ledger technology (DLT), is a means by which the participants in a distributed network can each maintain a copy of an immutable ledger of transactions and where transactions can be executed without the need for a single, central, coordinating authority. This ability to execute transactions effectively without the presence of a central authority is regarded by many as the chief benefit of blockchain technology, as it creates the promise that organizations will be able to transact business with one another without being subject to third-party control.
In banking, this disintermediation has serious ramifications for billions of dollars of global business. DLT could enable two parties to transact without requiring a third party for oversight or intermediation, reducing counterparty risk and arbitrage, as well as the role of ‘parasitic’ supporting entities that act as bottlenecks and profit from opacity in the system.
This promises to reduce overheads and greatly reduce transaction fees, decrease the number of stages and the number of organizations involved in a transaction (thereby reducing the chance of errors), while enabling faster transactions, 24 hours a day, seven days a week (in contrast to current interbank transactions that can take days for final clearing and settlement).
Companies Mentioned in the Report
Accenture, Cognizant, Credit China FinTech, Goldman Sachs, IBM, Microsoft, Ping An, Santander, Axoni, BitFury, Digital Asset Holdings, Filament, LO3 Energy, R3, Ripple, Slock.it, Royal Bank of Canada (RBC), Emirates Islamic Bank, State Bank of India (SBI), Mizuho, JPMorgan, BBVA
View Detailed Table of Content @ https://www.htfmarketreport.com/reports/1284132-blockchain-in-retail-banking-thematic-research
– This report analyses the impact of blockchain in retail banking.
– It discusses the benefits and uses of blockchain in banking.
– It identifies the current leaders and companies looking vulnerable in the blockchain technology theme.
Reasons to buy
– The report highlights some of the key players in the blockchain industry.
– It discusses some of the key trends in blockchain technology.
– The report explains the blockchain value chain by use case.
– It provides an industry analysis, explaining the fundamental challenges DLT faces and the adoption of the technology.
– The report also analyses the impact of blockchain on retail banking, offering key recommendations for retail banks and IT vendors.
– It provides a technology briefing to explain the evolution of the blockchain technology and how it works.
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Table of Contents
Blockchain industry trends 5
Blockchain use case trends 6
Blockchain trends in retail banking 7
VALUE CHAIN 9
Asset registries 10
Financial services platforms 11
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Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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