10/05/2017 | Admin

Fintech trends: Blockchain and Distributed Ledgers

During the last FINNOSUMMIT in Bogotá, Lisa Nestor (Director of Partnerships, Stellar.org) offered a keynote where she exposed the opportunities lying behind Blockchain technology within the financial services, particularly regarding internet payments. Through Blockchain technology we can have the ability to reduce the friction costs found when carrying out transactions. In order to reduce these friction costs we need three key elements: the ability to conduct trust-less transactions, institutional and network interoperability and global standarization. Blockchain enables the creation of a peer-to-peer transaction infrastructure where we find a decentralized authority, eliminating the need for intermediaries and creating interoperable networks. Do you want to know about the revolution Blockchain can have on financial services? Watch Lisa’s keynote! 

 


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