New Zealand’s SBS Bank Explores Using Blockchain For User Experience Benefits

2018-7-21 00:38

In some very positive blockchain news, one of New Zealand’s leading banks, SBS Bank, appears to consider integrating blockchain support to provide better user experience to their local clients. This proactive approach is very promising as most financial institutions are not offering enough options for their clients who are interested in investing in cryptocurrencies.

Based on reports from a local newspaper, Southland Times, blockchain technology and virtual currencies were among the key topics that were deliberated on during the bank’s recently held annual general meeting. Even though virtual currencies still elicit lots of skepticism, the integration of blockchain in real-world scenarios provokes lots of interest.

Shaun Drylie, the group CEO of SBS Bank, explained that they appreciate that blockchain has real merit. He noted that while blockchain offered real benefits, cryptocurrencies were highly volatile and that indicated that the market was not too receptive to them as well.

Nevertheless, this doesn’t necessarily mean that the bank will not support cryptocurrencies in the future. Drylie added that they are keenly observing the crypto market, but they cannot decide how the market will be like in the long term.

Increasing Banking Efficiency with Blockchain

Investigating the various uses for blockchain in the banking sector is a part of SBS Bank’s plan of increasing the efficiency and inclusivity of their services. Their vision is to offer better remote banking services to clients who can’t access their local branches. The financial inclusivity could perhaps be in allowing the sizeable unbanked populace, including those with limited access to financial help, to acquire loans easily. All the loan information details can be stored in a blockchain’s distributed ledger, thus eliminating papers and increasing the likelihood for loan approvals by 11%.

Remarkably, SBS Bank is not the only bank that is turning towards blockchain technology for solutions. New Zealand and Australian Banking Group have recently collaborated with IBM to design a more efficient service for insurance reconciliation. Also, the ANZ has also applied blockchain in digitizing their bank guarantee processes.

Industry experts predict that blockchain interest may even shift to cryptocurrencies with the potential BTF approval. A major financial player in the global markets has already filed for SEC approval of a Bitcoin exchange trading fund, which has seen increased interest over the past few months. In conclusion, regardless of whether the ETF will be approved, it is promising that more institutions are starting to consider to integrate blockchain solutions to their services.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0.0100291 (+7.61%)
Объем 24H $25.057k
Изменеия 24h: 5.20 %, 7d: 30.40 %
Cегодня L: $0.0090557 - H: $0.0100291
Капитализация $732.823k Rank 1812
Цена в час новости $ 2.23344 (-99.55%)

blockchain very new user experience bank sbs

Источник: bitcoinexchangeguide.com

blockchain very → Результатов: 126


Introduce your entrance to the Internet: How Investor’s Preferred Crisp Crypto Dizma Take Blockchain.io

The buzz around the Crypto industry brings around a flood of information full of enthusiasm since it advances the conversation on the development of digital economy. However, it seldom helps investors choose among the different features and technicalities that exist on the exchange market. To pinpoint the very reason why Bitcoin seduces so many, we

2018-7-20 21:55


Introducing your Gateway to the Internet of Value: How Blockchain.io takes on investors’ favorite worst Crypto dilemma

It is safe to say now that Bitcoin and the Blockchain technology are here to stay. It is very likely that in the near future we will heavily rely on them to store and exchange value; we are confident that many other applications will come up from this groundbreaking invention. In short, the Crypto revolution […]

2018-7-20 02:30


Фото:

Justin Sun Bids to Become Tron Super Representative; Reddit All Fired Up for His Election

Tron, China’s very own cryptocurrency, has been shrouded in an air of mystery. Called a scam by some and a genuine token by others, there is no doubt that the project is unique in many ways. Highlighting one of Tron’s most distinctive characteristics — the Super Representative program — founder Justin Sun has announced his […] Justin Sun Bids to Become Tron Super Representative; Reddit All Fired Up for His Election was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-19 19:34


VIDDO ICO

VIDDO is a pay-per-view (PPV) online video sharing platform, that uses a proprietary business model (VIS*™*) and a blockchain-based data management system to secure transparent and predictable income, and easy monetization for all relevant stakeholders who upload, consume or share content - from the very first video view.

2018-7-19 01:25


Фото:

Be aware that there are 5 things one should stay clear of before investing in a new cryptocurrency.

by Gianluca Giancola As the blockchain and crypto space continues to grow and thrive, the industry has become increasingly mainstream and piqued the interest of many first-time investors. As the industry is still very much in its nascent stages, people getting involved with cryptocurrency investing … The post [Guest Post] 5 things to be aware

2018-7-19 23:17


Bubblo ICO

Bubblo is an Al powered discovery app and marketing platform that harnesses the power of blockchain to empower users to commoditize their personal data and bargain it with businesses in exchange for deals, discounts and prizes.

2018-7-17 20:44


Фото:

Promoted: The Future of Online Shopping Is Powered by Spl.yt — A Decentralized E-Commerce Protocol

As a rapidly growing business sector, e-commerce continues to open up new avenues for exploring, comparing and purchasing products worldwide. Spl. yt, a smart contract protocol, aims improve the e-commerce system for buyers and sellers by automating functions currently performed by “middlemen” marketplaces like Amazon, eBay and Alibaba.

2018-7-16 19:45


Self-Regulating South Korean Exchanges Receive a Favorable Audit

South Korea is a very important location in the world of cryptocurrency. Its exchanges generate tremendous amounts of trading volume, and it seems that situation will not change anytime soon. According to a new report, the Korean Blockchain Association has announced that all exchanges meet its regulatory requirements, which is a very positive sign. Korean Exchanges […]

2018-7-13 00:00


Фото:

The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin

As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name.

2018-7-13 17:16


Фото:

CryptoKitties finally finds a real use-case in charity auction for sea turtles

CryptoKitties, the cutesy blockchain game where you can collect, customize, breed, and inevitably pimp out virtual cats is still apparently still a thing. Once so popular that it brought Ethereum to its very knees, dwindling interest has spurred them to adopt a more holistic way to get people to spend money on seemingly worthless vanity tokens.

2018-7-11 17:31


20% of All Bitcoin Is Permanently Lost and Unrecoverable, According to Researchers

A Wall Street Journal investigation and analysis suggested that users have misplaced a fifth of all Bitcoin. While this has not much in the way of ramifications for the technology, considering how it is designed to be deflationary and is divisible to a very low denomination, it has created a new industry of wallet hunters who […] 20% of All Bitcoin Is Permanently Lost and Unrecoverable, According to Researchers was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-10 17:59


Deloitte’s 2018 Global Blockchain Survey of 1,000 Crypto Executives: Results Inside

Blockchain Technology Attracts 74% Of Large Companies, According To Deloitte Survey A recent survey made by Deloitte shows that about three quarters of the companies that have an annual revenue of more than $500 million USD see a very compelling business case for the adoption of the blockchain technology. These companies, according to the survey, […]

2018-7-5 22:40


What Is CyberVein Cryptocurrency?

Currently hovering at #141 on CoinMarketCap, CyberVein is a decentralized database network that’s built on the DAG. Before you start to yawn at the prospect of yet another blockchain startup evolving around data, the CyberVein team has a lot of powerful new tech to offer and a very clear premise. Individuals don’t get paid for […]

2018-7-5 04:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin, Ethereum underperform as crypto market remains bearish

Bearish sentiment dominated the crypto market. BTC and ETH led the bearish sentiment with their poor price trends. While holders of certain meme coins may be celebrating significant gains inThe post Bitcoin, Ethereum underperform as crypto market remains bearish appeared first on AMBCrypto.

What's in store for XRP as XRPL development activity picks up pace?

The increase in development activity had little to no effect on XRP's price. A good buying opportunity might have presented itself, on-chain data revealed. Development activity on the XRP LeThe post What's in store for XRP as XRPL development activity picks up pace? appeared first on AMBCrypto.