Banking on Blockchain with Interconnection
Posted: Mon Nov 13, 2017 10:41 am
This article was written by Russell Poole, UK MD at Equinix UK.
Much has been made about distributed ledgers and particularly Blockchain in recent years. Improved security through a higher level of encryption, increased trust through the removal of intermediaries and a faster pace of transactions are commonly cited benefits.
On the downside, critics are lamenting Bitcoin’s mining monopoly and lack of regulation and compliance that surround the technology.
In the financial services sector, no other disruptive technology has caused quite such a stir. Distributed ledger technology is now being used for smart contracts, proof of ownership, voting systems and other decentralized use cases.
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