In-Depth Industry & Ecosystem Analysis
May 7, 2019
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In this scenario, the technology would substantially reduce infrastructure costs, enable effective data management, transparency, faster processing cycles, minimal reconciliation, and even cut out some of the middlemen such as brokers.
Nasdaq was amongst the first financial services incumbents to create a product based on blockchain. Called Nasdaq Linq, it uses blockchain to power capitalization tables, which private firms use to manage shares in their companies.
Our solution approach is aligned to Core areas of the asset value chain helping organizations accelerate time to market and increase cost saving. Our solution categories cater to the unique needs of connected users, connected products, connected infrastructure, and connected operations which we are calling FAST – Force, Asset, Site and Transform respectively.
Blockchain technology offers many benefits, including transparency and traceability of transactions. This can allow banks and insurers to create more captivating loyalty and rewards programs and help realize the full value of these customer loyalty programs.
When online identity is moved to a blockchain-enabled infrastructure, users are able to choose how they identify themselves and with whom their identity is shared.
Blockchain can improve cross-border payments by speeding up and simplifying the process while reducing costs significantly and cutting out many of the traditional middlemen. At the same time, it would make money remittances more affordable.