In the 2016 Blueprint Guide to Emerging Blockchain Services In BFSI we evaluate the market for blockchain services and the offerings of some early explorer service providers. The report gives buyers a sense of what’s available today and where providers are evolving, so buyers can make decisions about emerging blockchain services engagements.
Blockchain is the technology that allows companies to create, validate, and transact digital assets. More tactically, it’s a database of groups of transactions (blocks) that are linked to the previous set of transactions (the chain) and is replicated and distributed to everyone who participates in the network so that all copies of the database are identical. Blockchain records every transaction that ever happens, and no records are ever deleted. Currently, blockchain is most commonly used for financial transactions but can be used for any asset that can be digitized.
Companies can use blockchain to trade digital assets with other players while instantaneously validating the identity of both parties in the peer network. The blockchain validates the asset and partner identity in seconds via this peer network of identical data sets, also referred to as distributed ledgers.
1. What You Need to Know About Blockchain and Blockchain Services in BFSI
What to Watch in Blockchain Services
2. Tips for Buying When You’re Not Sure What You’re Buying
What Is Happening in Blockchain in BFSI? Experiments
Emerging Blockchain Services Market Grid
Mini-Profiles: Early Blockchain Service Providers
What to Watch
About the Authors