The promise of blockchain

Blockchain can bring greater efficiency and transparency to the banking industry, such as allowing cross-border transactions in real-time.

It has enormous potential implications for global trade and commerce. It can become very efficient because of the number of parties connected to a transaction in a shared infrastructure.

A blockchain consists of individual blocks of data involving a series of related transactions linked together in consecutive order.

Blockchain allows all parties to share a digital ledger across a computer network without a central authority.