The 2008 financial crisis sent shockwaves through the global banking industry, with U.S. banks alone paying upwards of $300 billion in fines and settlements, spurring development and adoption of risk management services
IT Outsourcing in Insurance PEAK Matrix™ Assessment 2016
Types of smart contracts based on applications: smart legal contracts, Decentralized Autonomous Organizations (DAO), Distributed Applications (DApps), smart contracting devices
Enterprise adoption of smart contracts requires standards and libraries of smart contract templates and blockchain query language for rapid development of smart contracts-based applications
Smart contract on blockchain illustrated – case example: Credit Default Swap (CDS) contract
Smart contract trends in banking, financial services, and insurance
For a deep dive into smart contracts, Visit the report page
Smart contract, a complex set of software codes with components designed to automate execution and settlement, is the application layer necessary to make blockchain technology a reality. Although smart contracts technology is in its infancy, use cases are evolving quickly.
For a detailed analysis of these use cases and more details on smart contracts, please visit the report page.
IT Outsourcing in Global Capital Markets – Service Provider Landscape with PEAK Matrix™ Assessment 2016
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Accenture, Deloitte, and IBM have a strong first movers’ advantage
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Blockchain: Myth and reality
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