DayOfCrypto
  • Home
No Result
View All Result
DayOfCrypto
No Result
View All Result
DayOfCrypto
Home Other
how-blockchain-disrupts-global-business-|-sibos-2019

How Blockchain Disrupts Global Business | Sibos 2019

by Admin
November 5, 2019
in Other
275 17
0
Share on FacebookShare on Twitter

Cointelegraph travelled to London to learn how the biggest names in finance — including IBM, Accenture, and McKinsey & Company — are adopting blockchain technology.

Blockchain technology is reshaping the face of our global financial system, and it goes far beyond cryptocurrencies alone.

Since Bitcoin’s arrival, the conventional finance world has been intrigued by blockchain, Bitcoin’s underlying disruptive technology. Now we are seeing that intrigue being transformed into a full-fledged and active public interest, and the potential onset of popular mass adoption.

But why is the white-collar financial world interested in adopting the very technology that holds profound implications for permanently altering “business as usual?” We headed to London in attendance of a conference called Sibos 2019 to find out.

Sibos is the premiere financial services event of the world. It is hosted by SWIFT, the payments service powerhouse that underpins major portions of the global financial ecosystem. This year the event attracted more than 11,000 delegates, 600 speakers, and 300 exhibitors from all corners of the globe. Representatives for everyone from Deutsche Bank to Google were there — it turns out plenty of mainstream business players are toying with blockchain, and with good reason.

This technology’s potential is disruptive at worst and revolutionary at best. It redefines the way we can store, share, and verify data, opening opportunities for entirely new businesses and ecosystems. One of the world’s largest corporations, IBM, is operated by over 350,000 employees across 177 different countries, and it has become a leading blockchain innovator in a variety of economic systems, including in trade and finance, provenance, and the supply chain.

Even major banks are getting involved. Research from renowned consultancy McKinsey & Company shows that over 90% of the world’s top 50 banks are tinkering with blockchain technology. Why? Well, according to research from Accenture, a Fortune 500 company, blockchain methodologies could generate a whopping 30% cost savings across all industries. (Accenture also happens to be developing a blockchain-based identity system for travelers, with the end goal of making it easier to confirm identities as people engage in international travel.)

We had a camera in hand to bring you along to London with us. Please check out our video report on how blockchain is changing the way we conduct global business, and subscribe to our YouTube channel!

Tags: AccentureAdoptionBanksBitcoinBlockchainbusinessCryptocurrenciesDeutsche BankFinanceFinancial ServicesGoogleIBMLondonSWIFTTechnology

Admin

About Us

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Popular Tag

Adoption Banks Binance Binance Coin Bitcoin Bitcoin Cash Bitcoin Price Bitcoin Regulation Bitcoin SV Blockchain Central Bank China Coinbase Crimes Cryptocurrencies Cryptocurrency Exchange EOS Ethereum Ethereum Price Facebook Germany Government Investments Japan Law Libra Litecoin Markets Market Update Mining Payments Regulation Ripple SEC Security South Korea Stablecoin Stellar Switzerland Tokens Tradings Transactions USA Wallet XRP

Recent News

Poloniex Review – Buy and sell cryptocurrencies, Bitcoin, Registration, Safety, Reference

Poloniex Review – Buy and sell cryptocurrencies, Bitcoin, Registration, Safety, Reference

November 8, 2020
Bitstamp Review – Buy and sell Bitcoin and cryptocurrencies, Registration, Safety, Reference

Bitstamp Review – Buy and sell Bitcoin and cryptocurrencies, Registration, Safety, Reference

November 8, 2020
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version
Skip to toolbar
  • About WordPress
    • WordPress.org
    • Documentation
    • Support
    • Feedback
  • Log In
  • AMP
    • View AMP version