The blockchain is enjoying popularity among the largest banks in the world. Some have gone public on their interest of embracing the technology, while others have chosen to keep it amongst themselves. The bottom line is everyone is talking about it. In fact, nine major banks have already partnered with R3CEV, a distributed ledge startup. Thirteen more have joined to bring the revolutionary technology to Wall Street.

1.  433 E Las Colinas Blvd #850, Irving, TX, 75039
 +1(214) 717-5900
 sales@appterra.com
www.appterra.com
Appterra is the only Collaborative Commerce Platform
designed for the cloud.
5 Finance Leaders who Embrace
the Blockchain Technology
The blockchain is enjoying popularity among
the largest banks in the world. Some have gone
public on their interest of embracing the
technology, while others have chosen to keep it
amongst themselves. The bottom line is
everyone is talking about it. In fact, nine major
banks have already partnered with R3CEV, a
distributed ledge startup. Thirteen more have
joined to bring the revolutionary technology to
Wall Street.
The banks are investing money in the startup to
study the blockchain tech. They are committed
to collaboratively apply and evaluate the
technology to the global financial system.
Industry standards need to be secure, scalable
and adoptable, and the blockchain is the solution
to transform financial technology platforms.
Many finance leaders recognize this fact and that
is why they are welcoming the technology with
open arms.
 Speaking to CoinDesk, Alex Batlin of UBS
considers blockchain as one of the biggest
unions of business and technology today.
He thinks that the partnership between
startups and bigger companies can work
well as they complement each other. Earlier
this year, the Swiss investment bank
surprised many people when it announced
its plans to open a blockchain research lab,
which will be based in Canary Wharf
district, London.
 Head of Citi Ventures innovation network,
Debra Brackeen also announced that the
company is testing the blockchain
technology. She believes that there is reason
for banks and other financial institutions to
be looking at the revolutionary technology.
 Mariano Belinky, managing director of
Santander InnoVentures, also spoke to
CoinDesk about the cryptocurrency
technology. He believes that the blockchain
will be adopted sooner than expected –
perhaps, even faster than the adoption of
digital currency.
 Former senior executive of JP Morgan,
Blythe Masters, also spoke about the
potential of the blockchain technology in
various occasions. She believes that the
technology can solve many of the issues
plaguing the financial industry today. While
the distributed ledger technology can disrupt
certain business models, it can also
empower existing ones by lowering costs,
reducing risks, and increasing efficiency.
 The chief economist of the Bank of
England, Andrew Haldane, described
blockchain as having real potential.
The collaboration between banks and R3CEV
will work on the development of standards for
using the blockchain technology within the
financial industry. They will develop prototypes
and proofs-of-concept as well. If these finance
leaders recognize the potential of the
technology, you should too. Blockchain will
lead digital transparency and trust revolution. It
will be the new digital foundation for business.