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Blockchain in Retail Banking-Thematic Research | Accenture, Cognizant, Credit China FinTech, Goldman Sachs, IBM., Microsoft, Ping An, Santander, Axoni

03-27-2019 01:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsWeb

ReportsWeb

ReportsWeb

Blockchain in Retail Banking-Thematic Research

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).

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Companies Profiled in this report includes: 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

Scope

-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 Content:

PLAYERS 4

TRENDS 5

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

Industrial platforms 12

INDUSTRY ANALYSIS 13

Permissioned DLT networks insert a degree of trust into the equation 14

Commercial blockchains are at least five years away 14

DLT faces several fundamental technical challenges 15

What are the primary use cases for blockchain technology-15

Logistics 16

Healthcare 16

Land registries 16

Digital fiat currencies 17

Smart grid 17

Commodity trading 18

Timeline 19

IMPACT OF BLOCKCHAIN ON RETAIL BANKING 21

Key recommendations for retail banks 24

Key recommendations for IT vendors 25

COMPANIES SECTION 26

Public tech and financial services companies 26

Private tech companies 28

Retail banking companies 29

TECHNOLOGY BRIEFING 30

How has blockchain technology developed over the last decade-30

How does blockchain work-31

GLOSSARY 32

APPENDIX: OUR "THEMATIC" RESEARCH METHODOLOGY 35

Complete Report: www.reportsweb.com/buy&RW00012179806/buy/1950

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Email: sales@reportsweb.com
Company Name: ReportsWeb
Website: Reportsweb.com

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About ReportsWeb:                   

ReportsWeb.com is a one stop shop of Market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.

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