Blockchain – The Promise of Change

Kirill Timofeev, Principal Architect at DataArt, explains the promise of blockchain for the financial industry in kreditwesen.

For instance, ripple.com is creating a global network among banks to execute immediate transactions. This promises to significantly reduce the cost of foreign exchange transactions and international payments but success depends on global adoption. Although financial services seem to be the first to adopt the technology, we expect blockchain to deliver benefits in every industry.”

kreditwesen.de/ (In German)