Objectives of the report:

While the blockchain technology is relevant in every industry, it has its origins in finance and the advent of Bitcoin some years earlier. This report aims to explain how blockchain technology works in general, how it is used and might be used in the financial industry and explores current opportunities and investments in the field. Furthermore, the report will examine existing blockchain technologies and ongoing initiatives.

 

Contents:

Introduction

Blockchain – what is it and how does it work?

  • What is blockchain?
  • How does mining work?
  • Why do miners mine? The motivation behind it.
  • Public blockchains
  • Federated/consortium blockchains
  • Private blockchains
  • Smart contract
  • Token
  • Oracle

Current and future usage of blockchain in finance

  • Banks
  • IT services providers and financial software vendors
  • Conclusion

Authors