In my opinion, we will see significant differences in the financial sector over the next three to five years. Fundamentally, this industry is facilitating the trusted exchange of value between untrusted parties. These financial services companies bear the enormous responsibility of brokering trust, as we saw in Chapter 9, Building a Next-Generation Oracle B2B Platform, and they carry a significant risk, which is the reason why this industry is reliant on costly intermediaries, error-prone reconciliations, and even manual processes. Financial institutions are looking to blockchain to enable more efficient ways to do cross-organizational collaboration by eliminating ...
The impact of blockchain on the financial services versus financial markets
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