Blockchain and finance have had an obvious symbiosis from the early stages, however it’s only this year that the big banks, JP Morgan Chase and Bank of America have admitted in their annual reports that blockchain and cryptocurrencies stand to be a major point of disruption in the finance sector.
“Both financial institutions and their non-banking competitors face the risk that payment processing and other services could be disrupted by technologies, such as cryptocurrencies, that require no intermediation.”
- JPMorgan Chase Annual Report
For anyone in finance and banking, it’s no longer an option to sit back and watch the developments unfold. It’s time to learn what’s really happening on blockchain and what that means for the future of finance.
BlockchainDriven, a leading consultant on blockchain, has just announced that they will be hosting a Blockchain Innovation Workshop for Finance and Banking. Following the JP Morgan annual report it’s clear that professionals in this space are taking it seriously and are ready to fill in the gaps within this deeply complex marriage of fields.
Their workshop will be led by Senior Blockchain and Fintech Consultant, Peter Borovykh, who’s spoken alongside Joseph Lubin at major events and recently spoke at the Blockchain on Wall Street Conference. Peter is the author of “Blockchain Applications in Finance”, co-founder of the AxionV cryptocurrency hedgefund, and has vast experience in the field having served as the primary consultant for many companies and governments launching cryptocurrencies and developing blockchain solutions.
Smaller banks aim to use rapid innovation to become finance industry leaders while larger banks are now finding they must do the same to maintain international dominance. Any financial professional worth their salt is finding they need to become knowledgeable on the applications of blockchains within the industry, understand the technology on a deeper level, and explore the many ways it can be utilized. And at the very least, discover how it’s being used by competitors to better prepare for the wave of disruption that’s already begun.
“Emerging technologies, such as cryptocurrencies, could limit our ability to track the movement of funds,” the report stated, adding that “substantial expenditures” are required to help the bank align its products and services to fit into the new market construct.
- Bank of America 10-K Annual Report
The Blockchain Fintech Workshop provides a rare and unique opportunity to delve into the mind of one of the world’s leading fintech experts. For those in the finance space this event is a must due to the rapid growth within the blockchain space and the chance to learn directly from Peter Borovykh himself.