VIDEO

Will Blockchain Change Banks? part II

Innovation Friday

Innovation Friday – the monthly ‘open house’ of ABN AMRO’s Innovation Centre – will take you on a journey towards the future of the financial sector. In the space of an hour, we’ll dive into the latest developments that are fundamentally changing the world, or are about to do so.

We’ll focus on a different theme each month, such as blockchain, open banking, artificial intelligence or the circular economy. We’ll invite experts in each field to tell us what they think, and share our own vision of these developments. By the time the weekend starts, you’ll be completely inspired!

Blockchain: will blockchain change banks?
The theme of the first Innovation Friday will be blockchain technology. A blockchain consists of a network of computers maintaining a shared decentralised ledger in which you can store and transfer ‘assets’ such as (digital) currency, real estate contracts or election ballots.

In 2009, bitcoin was the first virtual currency to use this technology. It soon became clear that the technology behind it had the capacity to dramatically shake up the financial sector, potentially reconfiguring global financial transactions and even the entire financial system.

As a result, nearly the entire financial sector is now exploring the opportunities offered by blockchain technology: an IBM survey of 200 banks concluded that around 65% plan to start using it over the next three years.

Speakers:

- Clive Cooke - R3
- Bjorn Wagner - Parity

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