FinTech Network, in association with the Blockchain for Finance Conference on October 3rd in London, has released a slide deck, which outlines the current state of blockchain development as well as the opportunities and challenges that lie ahead for this technology.

FinTech Network, a division of Offshore Network Limited, is an independent provider of business intelligence for the financial services community.

Blockchain has evolved from the shadows of being bitcoin’s underlying technology to the cusp of being a multibillion dollar market in less than 24 months. The buzz around the technology reached new heights particularly in 2015 with the leading financial institutions embarking on blockchain research and joining blockchain consortiums.

“There is no doubt that the finance sector now recognises the potential of blockchain technology and how it could fundamentally change the way the industry operates”, the online post reads. “This technology holds the key to help speed up all transactions and eradicate cumbersome legacy systems which in turn will improve efficiencies.”

The slide deck, titled “Blockchain: State Of Development, Outlook & Challenges”, has been compiled by BlockchainHub and aims to help educate the finance sector around this topic. It outlines: 

• Blockchain Landscape: The deck assesses some of the key talking points including smart contracts, scalability, consensus and privacy.
   
• Blockchain Economics: It highlights how the notion of decentralised trust can minimise errors and ensure faster and cheaper asset transfers
   
• Beyond the Technology: Reviews some of the legal, business, economic and political implications of adopting blockchain technology

“We are in the fetal stage of the technology
Several years before the blockchain’s full potential becomes clear”, the deck states.

The Blockchain for Finance Conference seeks to provide the tools needed to cut through the hype and offer businesses actionable use cases for blockchain technology. The attendees will get the opportunity to understand various aspects and issues associated with the technology directly from the experts from leading financial institutions including Nordea bank, Deutsche bank, Commerzbank, UBS and many more.