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Building a bridge to the blockchain
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#1 Posted : 22 June 2017 14:33:00
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Joined: 2009-11-30
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This discussion refers to the article:

Building a bridge to the blockchain

Citi and NASDAQ work together to build a solution that sees the existing world meet the new. We speak to Morgan McKenney, Head of Core Cash Management, Asia Pacific, Treasury and Trade Solutions at Citi to find out more.
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#2 Posted : 22 June 2017 14:33:01
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Joined: 2017-06-22
Posts: 1
Corporate treasurers should not overwhelmed and they should not be considering the concept of a distributed ledger as being anything new. Distributed ledger technology has certainly advanced, having been able to benefit from new protocols, primarily Blockchain. At its simplest, the blockchain is effectively just a framework of rules (consensus mechanism) for assuring the integrity of a ledger when it needs to distributed across a network. While it has similarities with the blockchain protocol that we more readily associate with "cryptocurrencies" such as Bitcoin and Ethereum. each protocol is now evolving very differently. The example that we see here, along with others now being demonstrated in the "Fintech" space, is the result of a formal collaboration that seeks to make managing financial transactions amongst trusted parties more secure and efficient, whereas the opportunities that we might see linked to cryptocurrencies are targeted at opening up a new opportunities and services in a decentralised "Internet of things" where lack of trust is an issue.
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