Posts Tagged ‘blockchain’

Yesterday, we held a webinar where we discussed the state of Blockchain and how technology professionals should approach the nascent technology beyond the buzzword. Led by Naveen Sachdeva, Perficient’s solution director and blockchain practice lead, the webinar attracted over 600 attendees. Here were some of the highlights: Defining Blockchain Many including the general public still […]

The topic of blockchain and blockchain implementation is popping up across a variety of industries and is the focus of many conversations throughout the tech world.  Between the association with bitcoin and its seemingly intangible and complex nature, blockchain may appear more complicated than its potential value to your business.  But, in actuality, blockchain has […]

One of the mysteries of blockchain lies in its industry applications. While many understand its usage in banking for secure, untampered transactions, innovators are looking to other industries for practical use too, particularly in recording and verifying a high volume of transactions. Here are some less common areas that stand to gain from the influence […]

Imagine a spreadsheet has been replicated thousands of times across a vast network of computers. Now, imagine that these computers, within the network, regularly update this spreadsheet. This is the most basic form of understanding a blockchain. Blockchain is the underlying technology in bitcoin and other cryptocurrencies. Information contained and stored within a blockchain will […]

Blockchain was 2017’s technology buzzword of the year, inspired by developments in cryptocurrencies and a desire for more secure transactions. Blockchain technology has the potential to transform enterprise business models through cost reduction and increased operational efficiency. Yet, there are challenges to adopting Blockchain, as it is a nascent technology. Some of these challenges include: […]

Blockchain was 2017’s technology buzzword of the year, and for good reason. Blockchain technology has the potential to radically alter enterprise business models through cost reduction and increased operational efficiency. But many organizations are finding blockchain to be as confusing as it is promising. Join us for our webinar on Tuesday, April 3, from 1:00 […]

Blockchain has the potential to radically alter the way enterprises conduct business and process transactions. The technology can reduce operational costs and friction, create transaction records that are immutable, and enable transparent ledgers where updates are nearly instantaneous. However, despite its immense potential benefits, there is a great deal of confusion and challenge in leveraging blockchain. Its nascent technology, a lack of talent to support it, complex system integration, […]

Retail media continues to announce the arrival of blockchain, but there is still work to do. Even though the decentralized ledger is the technology behind bitcoin, there are still many use cases stemming beyond financial transactions. Swiss bank Credit Suisse looked in depth at the growth of blockchain and collaborated with the World Economic Forum […]

This table below highlights how blockchain can disrupt various aspects of the financial services industry. If you are interested in learning more about blockchain, download our new guide titled “Getting Ahead with Blockchain in Financial Services.”

Leveraging blockchain technology requires access to a blockchain platform. Public or permissionless blockchain platforms, however, have limitations for financial enterprise transactions, creating privacy concerns by enabling everybody on the blockchain to have visibility of all transactions. Additionally, the sheer vastness of potential transactions requires a substantial amount of computational power, which can slow transaction processing […]

Current transaction processing requires trusted intermediaries to store assets, verify the legitimacy and solvency of each party in a transaction, validate each asset being transacted, complete the transfer of ownership of the asset, and record the transaction in a centralized ledger. Once a transaction is initiated, the initiating party has no visibility of each stage […]

Blockchain is not a new technology; it has been available since the introduction of bitcoin in 2008. However, alternative applications in financial services have not yet achieved a critical mass of acceptance. There are some reasons for this, including the following. Regulatory Approval There is currently no legal framework that regulates the application of blockchain technology […]