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Blockchain heralds brave new world for finance - as well as beyond the sector

Applications for tamper-proof public database practically endless, given the modern economy's demand for trustworthy records.

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Although Wall Street has embraced blockchain, the killer app for the new technology may well lie outside the financial world.

FOUR of the world's biggest banks - UBS, Deutsche Bank, Santander, and BNY Mellon - recently announced team efforts aimed at pitching central banks to use blockchain to settle financial trades.

This group isn't the first; earlier this year, Goldman Sachs and Barclays had similarly