{"id":1724,"date":"2019-12-27T19:37:01","date_gmt":"2019-12-27T11:37:01","guid":{"rendered":"https:\/\/progreso.com.sg\/?post_type=all_downloads&#038;p=1724"},"modified":"2020-04-23T12:59:55","modified_gmt":"2020-04-23T04:59:55","slug":"how-to-implement-blockchain-in-a-compliant-manner-for-banking","status":"publish","type":"all_downloads","link":"https:\/\/www.progreso.com.sg\/newsite\/all_downloads\/how-to-implement-blockchain-in-a-compliant-manner-for-banking\/","title":{"rendered":"How to Implement Blockchain in a Compliant Manner for Banking"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1724\" class=\"elementor elementor-1724\" data-elementor-settings=\"[]\">\n\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-element elementor-element-98c8029 elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-section elementor-top-section\" data-id=\"98c8029\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t<div class=\"elementor-element elementor-element-244ef50 elementor-column elementor-col-50 elementor-top-column\" data-id=\"244ef50\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap  elementor-element-populated\">\n\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t<section class=\"elementor-element elementor-element-ce7106e elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-section elementor-inner-section\" data-id=\"ce7106e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t<div class=\"elementor-element elementor-element-07080fd elementor-column elementor-col-100 elementor-inner-column\" data-id=\"07080fd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap  elementor-element-populated\">\n\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bbf7eae elementor-widget elementor-widget-heading\" data-id=\"bbf7eae\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to Implement Blockchain in a Compliant Manner for Banking<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5485d3d elementor-widget elementor-widget-text-editor\" data-id=\"5485d3d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\"><p>For the banking and financial sector, blockchain technology provides many promising application scenarios, such as:<\/p>\n<ul>\n<li>Smart contracts through computer protocols to verify, enforce negotiation and performance of contracts<\/li>\n<li>Establishing transparent P2P transactions<\/li>\n<li>Establishing a reputation system that allows ratings by online communities to build customer trust<\/li>\n<li>Micro-metering\/micro-monetizing e.g. allowing for paying for usage for transportation per meter or streaming services by the hour<\/li>\n<li>Promoting dynamic efficient pricing based on demand<\/li>\n<\/ul>\n<p>What standards need to be considered? How can data security, privacy and auditability be maintained? And what architecture is financially effective without wasting energy and polluting the planet?<\/p>\n<p>This whitepaper sheds light on the subject from a technical and financial point of view helping to increase bottom-line margins all while reducing time to completion for service.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48a387c elementor-column elementor-col-50 elementor-top-column\" data-id=\"48a387c\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-column-wrap  elementor-element-populated\">\n\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t<section class=\"elementor-element elementor-element-fbd6a2a elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-section elementor-inner-section\" data-id=\"fbd6a2a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5b6ccfd elementor-column elementor-col-100 elementor-inner-column\" data-id=\"5b6ccfd\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-column-wrap  elementor-element-populated\">\n\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t<div class=\"elementor-element elementor-element-903a6c6 elementor-widget elementor-widget-image\" data-id=\"903a6c6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t<img width=\"500\" height=\"690\" src=\"https:\/\/www.progreso.com.sg\/newsite\/wp-content\/uploads\/2019\/12\/Implement-Blockchain-in-compliant-manner.jpg\" class=\"attachment-large size-large\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.progreso.com.sg\/newsite\/wp-content\/uploads\/2019\/12\/Implement-Blockchain-in-compliant-manner.jpg 500w, https:\/\/www.progreso.com.sg\/newsite\/wp-content\/uploads\/2019\/12\/Implement-Blockchain-in-compliant-manner-217x300.jpg 217w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/>\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-element elementor-element-ef31664 elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-section elementor-inner-section\" data-id=\"ef31664\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container 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