Blockchain technology infographic
We explain where it came from, how much consumers know about it and use it, what it will take for the market to grow, and what the regulators think.
We also look at how market participants, such as investors, technology providers, and financial institutions, will be affected. Explore how others might try to disrupt your business with blockchain technology, and how your company could use it to leap ahead instead. In all cases, link your investments to your value proposition, and give your business partners and your customers what they want most: This short series of articles explore how blockchains, both public and private, have triggered a global hunt for ways to remove friction from transaction-related processes, including the process of reaching contractual agreements.
Learn about the precursors, challenges, and future outlook of implementing smart contracts. We also chat with Gideon Greenspan of Coin Sciences to learn about his views on the legal ramifications of public blockchains and why companies are seeking alternatives. Blockchain technology could result in a radically different competitive future for the financial services industry.
These articles will help you understand these changes — and what you should do about them. Any blockchain solution, no matter how prescient, is only as good as its execution. This is where PwC excels—by offering proven expertise in managing complex implementation programs from start to finish.
Financial firms and regulators alike are finding ways to take advantage of the benefits of blockchain technology.
Given the dynamic nature of the market, we've outlined questions to help boards engage in constructive dialog about the potential strategic fit of cryptocurrencies. FinTech is a dynamic segment of the financial services industry where technology focused startups and new market entrants innovate on the products and services traditionally provided by financial institutions. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network.
Each member firm is a separate legal entity. So what does it all mean? A look at blockchain technology What is it? Through these 6 awesome infographics we get a good understanding of what blockchain is:. Okay, this particular infographic by the Financial Times has been really popular across various social media platforms.
I like it because it explains what is blockchain in a really simple way:. Importantly, Nasreen states that the technology is still in its infancy and opportunities are being explored. This is a cool infographic, in a slightly nerdy way. This is worth a look. It takes you through a real world example of a bitcoin transaction, you get to visualise how the underlying technology is enabling the processing of that transaction. You do need to look at it for a little while though — but it nicely pulls together some of the theory described in the above infographics in a real world example.
This is pretty useful since it brings together the above blockchain concepts and explains how they can potentially be applied to the financial landscape. Well worth a read! In this last blockchain infographic we get to understand that blockchain has wider implications beyond financial services.
It highlights some of the non-financial uses of blockchain that are currently being explored. Thanks for reading — Take a look around…!!