"At the London Blockchain Finance Summit, speakers agreed that blockchain offers a powerful alternative - one rooted in transparency, automation, and decentralisation. Unlike traditional systems that require trust in intermediaries, blockchain creates a trustless ecosystem where transactions are recorded immutably and validated by a distributed network. This shift reduces settlement times from days to seconds, enables real-time audits, and opens access to underserved regions."
"From tokenised bonds to programmable money, blockchain is giving rise to a new breed of financial products that are more dynamic, secure, and accessible. In fact, panellists noted that central banks are now among the most active blockchain adopters. The development of Central Bank Digital Currencies (CBDCs) - digital versions of fiat currency built on blockchain - is being explored in over 100 countries."
Modern financial systems suffer inefficiencies from legacy infrastructure, siloed databases, and intermediated services that add cost and friction to transactions. Blockchain provides a transparent, automated, and decentralised alternative that records transactions immutably on a distributed network, reducing settlement times from days to seconds, enabling real-time audits, and expanding access to underserved regions. Banks are piloting blockchain for cross-border remittances, asset tokenisation, and smart contracts that automate trade settlements and syndicated loans. Institutional adoption has broadened beyond crypto-native firms, with traditional banks and central banks exploring tokenised bonds, programmable money, and Central Bank Digital Currencies to improve payments and financial inclusion.
Read at Business Matters
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