Blockchain – Opportunities & Risks for Financial Institutions

blockchain lessons for MBA students

Here is a good white paper/research report published by European Banking Authority (EBA) detailing out the opportunities and risks associated with the adoption of Blockchain in relation to financial institutions.

Report on risks and opportunities arising for financial institutions due to FinTech

Use cases related to some of the following are described:

  • Usage of distributed ledger technology (DLT) and smart contracts for trade finance
  • Use of DLT to streamline customer due diligence (CDD) processes
    • In this use case, the “digital identity” concept is explored and described.

 

Ajitesh Kumar
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Ajitesh Kumar

I have been recently working in the area of Data Science and Machine Learning / Deep Learning. In addition, I am also passionate about various different technologies including programming languages such as Java/JEE, Javascript, Python, R, Julia etc and technologies such as Blockchain, mobile computing, cloud-native technologies, application security, cloud computing platforms, big data etc. I would love to connect with you on Linkedin.
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