BNY Mellon’s Dhiru Tanna discusses the huge potential of blockchain in FX-MM

Blockchain, the distributed ledger technology that underpins bitcoin, is leading the financial industry’s technology revolution and has huge transformative potential.

In FX-MM, Tanna examines the progress of distributed ledger technology – such as the growing involvement of regulators – and its potential with respect to smart contracts and risk mitigation. Furthermore, the article describes how blockchain has played a key role in igniting a whole new approach to innovation in the banking world, with collaboration becoming increasingly commonplace as it is realised that a “joined up” approach – working unitedly on a common problem to solve it from an industry perspective – is crucial to achieving change on a huge scale.

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