Blockchain a business, banking revolution; just mind the middleware
It's the vital 'missing link' in the evolution of next-gen transactions.
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BLOCKCHAIN is the buzzword of the moment. Despite some negative associations with certain cryptocurrencies, the technology is praised by experts and visionaries who see its potential to revolutionise multiple areas of business, including the banking industry.
According to Mike Almeida, president of Empire ATM Group, "There is no end to the list of applications blockchain can be used for. Blockchain is going to change everything we know over the next five to 10 years. Blockchain technology can make many aspects of our life easier on a mathematically provable platform."
The technology is already being put to work in various imaginative applications. For example, Cathay Pacific Airways, Asia Miles and Accenture have teamed up on a Hong Kong dining rewards promotion. A new app allows Cathay loyalty club members to visualise and keep track of the rewards they are earning in a clearer and timelier way.
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