Blockchain technology is establishing itself as the next digital disruptor in transaction recording. According to Gartner, by 2022 a blockchain-based business will be worth $10 billion! It is expected that blockchain-based systems will be used across many industries for reducing transaction costs, eliminating manual validation and streamlining business processes.
CFOs must prepare to recognise prospects, evaluate the challenges and strategise their move to tap potential blockchain possibilities.
This whitepaper looks at the potential uses of blockchain and how CFOs can seize the opportunities presented.
• How blockchain works.
• Potential uses of blockchain in the financial sector.
• Advantages of blockchain for CFOs.
• Challenges before the big takeoff.
• The way forward.