NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Fintech Startups are Overtaking Banks, Will Crypto Emerge as the Winner in Long-Term?

Davit Babayan
Davit Babayan
6 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The business case for corporate investment in bitcoin’s underlying technology, the blockchain, is inevitable, according to a report.

Titled ‘Key Drivers, Emerging Trends, and Development in Corporate Banking,’ the study discussed how new competitors in the financial technology sector are overtaking corporate banks. It posed two key trends, Artificial Intelligence and Blockchain, the combination of which could serve corporates speedy financial services, including optimized utilization of supply chain, know your customer, identity management, and trading.

“The latest thinking in this area seeks to combine emerging technologies of AI and blockchain into a single proposition – the enormous, untapped source of data within blockchains being interrogated to unearth/create value, by AI,” the report read. “Big data providing the ‘quantity’ and blockchain – with its data capture, validation and assurance capabilities – the ‘quality’.”

Clients are the New Competition

Authors Finextra Research and Oracle Financial Services wrote that deployment of AI would see the launch of “cash management solutions” and the attainment of “governance and regulatory needs.” Such an infrastructural overhaul would require corporates to manage a massive amount of computational data while maintaining its integrity. Blockchain will be able to address such a challenge.

The authors added that it was likely for corporates to invest in a blockchain solution than seeking support from their banks. The statement followed a World Economic Forum research which predicted that blockchain platforms would store 10 percent of the world’s GDP in the next decade. The report added that central banks’ and monetary policies’ sluggishness was a roadblock before blockchain’s growth. But that was not deterring corporates from testing blockchain in their private sandbox environments.

That said, a bank had more hurdles than a corporate chain when it came to utilizing the digital ledger technology. That bought one more time against the other. For instance, tech companies such as IBM and Alibaba had filed more blockchain patents than Bank of America and MasterCard. Nevertheless, the BoA held the most at 82.

“Blockchain can facilitate the transfer of value (currency) of anything digital and could be deployed within a cash-pool to manage cash positions and liquidity requirements without the use of traditional bank infrastructure,” wrote Fintextra. “The corporate would have to invest in a blockchain solution and be able to manage it within their infrastructure, or banks might offer it as a dedicated service.”

Blockchain Not Ready, Anyway

The Finextra-Oracle report admitted that the business case for corporate investment in the blockchain would take more time. It could be due to the technology’s inherent issues, mostly related to its scalability in a distributed environment. Also, there are concerns raised about the blockchain’s potential use case over an already available database management technology.

breaking news as corporate America discovers that "blockchain tech" is just a slow fucking database https://t.co/dQwVXh1K5z

— Katherine Wu (@katherineykwu) November 12, 2018

“Banks are now working on various use cases leveraging the integrity of data that blockchain provides, thus creating a single ‘golden source’ that can be viewed by multiple parties. This is a key advantage,” reasoned Finextra.

Tweet123Share196ShareSend
Davit Babayan
Davit Babayan

Davit Babayan

Davit Babayan is an Armenia-based expat balancing the academic life of a software design engineer with the experiences of a financial technology journalist. He aspires to be a full-time columnist and wants to write a book that would be called, "A Homeless Who Found Bitcoin."

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target

Bitcoin is currently on the path to holding a strong footing above $109,000 after reclaiming the $108,000 price level in...

Scott Matherson 7 hours ago
XRP

XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029

XRP slipped to around $2.22 on July 7, marking a quiet session for the token. That price sits well below...

Christian Encila 10 hours ago
XLM

XLM Traders, Beware! Stellar’s Funding Rate Is Plummeting

Stellar Lumens hit a critical support level this week at $0.20, putting the token in a precarious spot. At that...

Christian Encila 12 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin In For Another 460% Run? This Rare Fiat Signal Just Returned

Keshav Verma 30 minutes ago
bitcoin

Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top

Ash Tiwari 2 hours ago
Bitcoin price news

Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

Jake Simmons 5 hours ago

Premium Sponsors

Press Releases

  • 3 altcoinuri de urmărit în prima săptămână a lunii iulie 2025

    4 hours ago
  • XRP versus Shiba Inu: Care criptomonedă are șanse mai mari să creeze milionari?

    XRP versus Shiba Inu: Care criptomonedă are șanse mai...

    4 hours ago
  • XRP, SOL, LTC holders turn to OPTO Miner to earn $5,777 in...

    7 hours ago
  • More and more XRP and ETH holders are turning to APT Mienr...

    7 hours ago
  • XRP versus Shiba Inu: Care criptomonedă are șanse mai mari să creeze milionari?

    ...

    9 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.