Blockchain Technology: New Potential in Financial Services

A5Bitcoin is currently the best known user of a blockchain platform, but expect many more varied uses to emerge.

For example Calastone, which provides a platform for mutual funds (e.g. unit trusts) to trade in 34 countries, recently successfully replicated its transactions for a full day using blockchain technology.

Will this be good for us? 

This potentially paves the way to transform the industry, resulting in enhanced and faster access to global and local securities at a significantly lower cost.

The financial services industry has been in a race to be the first to use blockchain technology.

This article is a general information sheet and should not be used or relied upon as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice.  Errors and omissions excepted (E&OE)

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