ANALYST VIEWS

INSIGHTS

ANALYST VIEWS

Filter By:
E.g., 2020-07-11
E.g., 2020-07-11
March 6, 2017
Despite the outlook on blockchain adoption for financial services starting to move from excitement to criticism, trade facilitation business processes represent a stronghold for blockchain-based programs, as long as basic change management principles hold true. There is a mounting debate about the limits of blockchain in the world of financial services. Financial consortia R3 and Swift declare...
Read Full Post
March 6, 2017
R3’s recent announcements warn banks to carefully watch blockchain as long as the technology remains immature. This comes at a time when blockchain-based initiatives see financial institutions taking the driver’s seat. The path to blockchain maturity demands the guiding role of bank industry independent associations, exactly what R3 is. This article takes the perspective of corporate banks. R3...
Read Full Post
February 21, 2017
Although banks may appear slow to react and less agile than emerging fintech companies, banks remain their corporate clients’ main point of reference for technology innovation and inclusion. Even many leading corporations don’t want to be the pioneers in something that is not part of their core business and keep a wait-and-see attitude toward fintech innovation, expecting advice from their banks...
Read Full Post
November 15, 2016
Blockchain-based applications developed by SCtech (pronounced “skytech”) players (i.e., software vendors dedicated to developing blockchain-based applications for supply chain management) are dispersed across diverse supply chain (SC) processes: document management, traceability, provenance, and finance. They are currently engaged in proof-of-concept (POC) experiments to identify which SC...
Read Full Post
March 21, 2016
Assume you want to spend all your US$100 to buy goods in a shopping mall. At the checkout, you say that you will send an email promising to pay US$100 (i.e., an electronic IOU). The merchant happily accepts the email and goes to the bank. The bank also accepts the email and credits US$100 to the merchant’s account. To understand how this could ever be possible, let’s add a group of customers...
Read Full Post
December 15, 2015
In the machine-to-machine scenario, the blockchain remains completely transparent to “human” business users, and it will be deployed to develop solutions tied to the Internet of Things. The IoT is the network of physical objects or "things" embedded with electronics, software, sensors, and network connectivity, which enable these objects to collect and exchange data. The principle that the...
Read Full Post
December 10, 2015
In the​ corporation-to-corporation scenario, corporations will start working on blockchain projects for mission-critical (i.e., niche) applications, while waiting for the “big thing” to occur. Banks may not have any role to play. It is a fact that corporations are late to take on the blockchain debate, and such lack of awareness may be the symptom of a simple lack of interest. After all,...
Read Full Post
December 8, 2015
In the bank-to-corporation scenario, transaction services running on the blockchain consensus distributed ledger will enable corporate users to benefit from the foundational characteristics of blockchain: speed, accessibility, and transparency—all values that inspire corporate executives’ decisions. Banks foresee benefits for corporations by virtue of the applications running on the blockchain...
Read Full Post
December 3, 2015
These days, blockchain is a blockbuster at banks. Financial institutions are spending time and resources to find out how much business they can gain by adopting this new technology. This hype on the bank side might not correspond to similar interest from corporations. Nor it is clear whether it creates similar business opportunities for either side. My ongoing research investigates how large the...
Read Full Post

HOW CAN WE HELP?

If you have a question specific to your industry, talk with an Aite Group analyst.  Call us today to learn about the benefits of becoming a client.

 

Receive email updates relevant to you. Subscribe to entire practices or to selected topics within practices.