Blockchain is a web-based transaction-processing and settlement system adopted primarily by banks and financial services to reduce costs and improve security.
This revolutionary technology is known mainly because of the major digital currency, bitcoin, where it was implemented for the first time. Being tightly bound to bitcoin since its very foundation, EXANTE has been thus at the forefront in blockchain technology.
In his recent article for Finanace Malta, EXANTE’s Communication Director, Patrick J O’Brien, reveals the sense of the buzzword 'blockchain' and its growing importance in shaping the future of the world’s finance sector.
“While expert opinion varies as to the way in which blockchain will impact financial services and the extent to which it will disrupt the existing ecosystem, there is widespread consent that the technology has powerful potential to herald a new age of efficiency in the industry”, says Patrick.
Find the full article on Finance Malta.