Could Blockchain Play Broader Role in Payments?

  Image Source: Article

Image Source: Article

Blockchain distributed database technology used by bitcoin and other cryptocurrencies offers opportunities for enhanced authentication and ID management, as well as cross-border money remittances, says Ben Knieff, a senior analyst at the consultancy Aite. But he contends it's not clear that the technology could play a role in faster payments.

"What the blockchain offers is an ability to verify and store any variety of assets, and identity is potentially one of those assets.

Read the full article