Blockchain and its application in Financial Services

This article provides an introduction to the concepts of what is commonly referred to as “blockchain technology”.


Banks, institutions and even governments are looking at blockchain technology as a secure storage and distribution solution. There is growing demand to understand the implications of blockchain and how to respond to it.

While there is a debate on the role of bitcoins as a mainstream “currency”, the underlying blockchain technology, consisting of "blocks" of data in a digital ledger, is believed to be highly resistant to malicious tampering, thus offering significant advantages to governments, banks and the financial services sector in general. 


Blockchain in Financial services

The financial services industry is currently shifting to a higher gear when it comes to using Distributed Ledger Technology. In this chapter the following points are discussed:

  • What is the current situation?
  • What are the points of view of the regulators? 
  • The regulators as conductors for innovation?
Red and yellow Blockchain visual

"The internet revolutionised the way we exchange information. Blockchain is revolutionising the way we exchange value on the internet."

- Marc Sel, Director at PwC Belgium


Blockchain in a nutshell

To help you understand what the blockchain technology is, we have covered it under six angles

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the purpose

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functioning and security functions


advanced applications - smart contracts

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building blocks

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basic applications - virtual coins

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blockchain applications and the trust model

Contact us

Filip De Wolf
Tel: +32 (0)2 710 4251

Marc Sel
Tel: +32 (0)3 259 3410

Marleen Mouton
Tel: +32 (0)2 710 4735

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