Blockchain, the technology behind Bitcoin, stores digital information across networks of millions of computers rather than in a database. Touted as secure and efficient, it is making financial waves that some experts say will expand. Blockchain allows companies to track monetary transactions with greater precision in a manner that could disrupt personal and commercial banking. For instance, the Swiss bank UBS used the technology to develop a prototype of a utility settlement coin — a digital equivalent of world currencies. UBS hopes to launch this tool in 2018, in collaboration several other major banks.
CFO (5/30/17)
Listen to the latest episode of the Net Assets podcast.
