World Economic Forum Report on Blockchain’s Role in the Future of Financial Infrastructure

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A comprehensive report by the World Economic Forum released yesterday reiterates the importance of blockchain technology in global finance. The 129-page report presents the findings of an in-depth analysis of nine different use cases of the distributed ledger technology.

The report titled “The Future of Financial Infrastructure – An ambitious look at how blockchain can reshape financial services” presents the findings from an earlier Deloitte/World Economic Forum report – “Disruptive Innovation in Financial Services”. A product of over one year of research involving industry leaders and subject matter experts has resulted in 6 key findings on the future of blockchain technology in finance.

WEF report

WEF report

Key Findings

  1. The potential to offer simple and efficient financial services infrastructure and processes.
  2. It may not be the ultimate solution, but it is one of the many technologies that will lay the foundation for next generation financial services infrastructure
  3. The technology can be used for a range of applications where its implementation varies from case to case.
  4. Digital identity offered by blockchain technology can expand existing financial applications across new verticals. Use of distributed ledger technology to create digital fiat currencies can

    Read more ... source: NewsBTC USA

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