Blockchain in Banking and Financial Services

This group is to share any information related to enterprise wide Blockchain technology adaption in different Banking Financial Services sub-domains.

Arka Roy Blockchain and Crypto Analyst at HashCash Consultants

Blockchain-powered ACH: An Evolution in Clearing House Solutions

Blockchain is quickly emerging as one of the main disruptors of the fintech revolution. The underlying technology behind cryptocurrencies has infinite potential, including ACH Solutions. The entire world is witnessing the digital transformation of existing banking and finance systems. Modern technologies are revolutionizing the entire banking proce...

09 February 2022 /wholesale /crypto

Retired Member 

Top 5 Cryptocurrency Exchange Script | Start Your Crypto Trading Business in 2022

Hey peeps, are you looking for the simplest way to deploy a crypto trading platform? Why wait for a long time in this fast-paced, technology-driven modern world? It isn’t a tedious task with a cryptocurrency exchange script development. This blog is all about what crypto is and some popular available white-label crypto exchange clone scripts in th...

27 January 2022 /crypto

Rohas Nagpal Chief Blockchain Architect at Hybrid Finance (HyFi) Blockchain

Introduction to Terra

Terra is the second-largest Decentralised Finance (DeFi) blockchain - after Ethereum. The total value locked (TVL) in Terra is over $15 billion. Terra is an open-source public blockchain protocol for algorithmic stablecoins. It enables the creation of fiat-pegged stablecoins that can be spent, saved, traded, or exchanged on the Terra blockchain. ...

27 January 2022 /crypto

Rohas Nagpal Chief Blockchain Architect at Hybrid Finance (HyFi) Blockchain

Introduction to Celo

Celo is a proof-of-stake mobile-first blockchain that "makes financial dApps and crypto payments accessible to anyone with a mobile phone". It has an average block time of 5 seconds and is Ethereum Virtual Machine (EVM) compatible. Celo uses mobile phone number mapping to public keys. Celo transactions are fast & light because the bl...

26 January 2022 /crypto

Retired Member 

Blockchain Technology for Commercial Banks - Opportunities and Challenges

Opportunities The decentralization, distributed accounts, smart contracts, and other features of blockchain technology will reconstruct the existing centralized financial infrastructure. Firstly, based on the decentralization of blockchain technology, the transaction, clearing and settlement processes in the financial system will directly achieve

25 January 2022 /wholesale /inclusion

Rohas Nagpal Chief Blockchain Architect at Hybrid Finance (HyFi) Blockchain

Introduction to Polkadot

Polkadot is not a conventional blockchain. It is actually an ecosystem of interconnected blockchains called parallelized chains (parachains). Parachains are application-specific and they plug into a single base platform called Relay Chain. The Relay Chain does 2 main things: 1. It secures the parachains. 2. It contains Polkadot's consensus and vot...

25 January 2022 /crypto

Rohas Nagpal Chief Blockchain Architect at Hybrid Finance (HyFi) Blockchain

Introduction to Algorand

Algorand is a new-gen blockchain that is bridging the decentralized and centralized world of finance. Its native crypto is ALGO. Algorand Standard Assets run on the blockchain's "Layer-1" and include fungible, non-fungible, restricted fungible, and restricted non-fungible assets. Here's what I like the best about Algorand Standard Asset...

24 January 2022 /crypto

Rohas Nagpal Chief Blockchain Architect at Hybrid Finance (HyFi) Blockchain

Introduction to Ethereum

Ethereum is NOT a blockchain. It's NOT a cryptocurrency either! It's actually a protocol (a set of rules or procedures) like "HTTP" or "HTTPS". Multiple independent blockchains run on the Ethereum protocol. When most people talk about Ethereum, they are talking about Mainnet - the primary public Ethereum production blockchain. T...

18 January 2022 /crypto

Jeremy Light Co-founder at Fourdotzero

The Risks to Society of Central Bank Digital Currencies

There is much written about CBDCs but little on the risks to society a CBDC would create. I see these risks falling into three categories: 1. economic 2. financial 3. human rights Economic Risks The key economic risk is inflation. A CBDC can be created at the press of a button and distributed widely, inflating the money supply without any correspon...

17 January 2022 /payments /crypto

Kim Engman Senior Director at Tietoevry Banking

A seismic shift is brewing within financial services infrastructure

Get ready for users taking back control of their data on the heels of Distributed Ledger Technology and the emergence of web3 services What is web3? Web1 refers to today’s global, interoperable network, built on standards and increasingly with services and platforms we all connect and engage with (web2). With Distributed Ledger Technology (DLT), an...

05 January 2022 /payments /crypto