From the course: How Blockchains Will Change Business
Join today to access over 24,800 courses taught by industry experts.
Blockchains in finance
From the course: How Blockchains Will Change Business
Blockchains in finance
- In September of 2008, Lehman Brothers, a well-established global financial services firm filed for bankruptcy, and over the next five years lawyers, accountants, and consultants from over 30 firms racked up more than $2.2 billion worth of fees trying to unwind what had happened. Could there have been a better way? In a blockchain future, yes. Blockchains offer a permanent, tamper-resistant audit trail across even highly-complex business ecosystems. This gives finance and accounting professionals end to end transparency across operations and finance, but even more exciting, blockchains can actually merge business and operational activity with the movement of money. And that could be transformative. Let's look at some of blockchain's features from the perspective of the finance organization. First, you can program the way money moves. Blockchains let you embed terms and conditions into the movement of money,…
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.