Quantifi, a provider of risk, analytics and trading solutions, has today announced the release of their whitepaper titled ‘How Blockchain Could Change the Financial Markets’. The paper was co-written with Noble Markets, a provider of post-trade technology for the OTC markets and OKCoin, a leading blockchain technology company.
The blockchain technology platform is a distributed ledger technology system that allows multiple parties to have simultaneous access to a constantly updated ledger that keeps a record of all transactions between participants. This paper focuses on two important areas for financial markets – blockchain’s impact on financial transactions (OTC derivatives, syndicated loans) and risk management.
“If fully adopted, blockchain will create a more efficient, more transparent and more secure marketplace whilst reducing transaction processing costs. At Quantifi, we are seeing an increasing number of forward-looking firms making large, transformational investments in technology to provide functionality that was not previously possible, designed to reduce costs through automation and provide more business flexibility.”Sachvir Cheema, Director, Business Development, Quantifi
“Firms are investing millions in developing blockchain applications. Few now doubt that blockchain could soon revolutionise the global financial services industry.” comments Sachvir Cheema, Director, Business Development, Quantifi. “Blockchain is one of the most disruptive technologies available at present and has the potential to redefine operations and improve the efficiency, security and economics of the global financial markets,” continues Sachvir.
The potential applications of blockchain and distributed ledger technology to the world of finance has been an area of growing interest and research. Banks, payment processors, financial software companies, regulators and governments are actively investigating and developing the necessary technology to address some of the ingrained structural and operational challenges as well as the inefficiencies of modern finance. For firms that want to benefit from DL technology, an important first step is to understand the scope of its likely impact on the market and to establish a clear view of the financial, technology and regulatory ecosystem.
“If fully adopted, blockchain will create a more efficient, more transparent and more secure marketplace whilst reducing transaction processing costs. At Quantifi, we are seeing an increasing number of forward-looking firms making large, transformational investments in technology to provide functionality that was not previously possible, designed to reduce costs through automation and provide more business flexibility. As a company focused on technology innovation, we are uniquely positioned to take advantage of the changes in progress. We have a strong track record of delivering solutions for our clients that transform their business to provide better services at a lower cost,” continues Sachvir.
About Noble Markets
The Noble group of companies (“Noble”) was founded upon the idea that the barrier to innovation within financial services was simply too high. Noble’s mission was to provide solutions that solve the problems around adopting innovative ideas for financial services. Their platform allows financial institutions to service its clients, allowing them to focus on their core competencies and create new product ideas for their clients without having to sacrifice the outcome due to legacy limitations that exist today. In 2015, Noble took steps to extend the reach of its platform and further its vision of providing innovative financial services to its clients by acquiring Noble Bank International.
Founded in 2013, OKCoin is a world leading digital asset trading platform. OKCoin currently provides fiat trading with major digital assets, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. OKCoin has recently expanded to the United States and is looking to serve more users around the world in the future.
For further information, please visit www.okcoin.com