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Sergio Ermotti, CEO of UBS believes blockchain technology

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Sergio Ermotti, CEO of UBS Believes Blockchain Technology is “almost a must” in Banking

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Sergio Ermotti, CEO of Swiss financial services giant UBS believes blockchain technology is “almost a must” for banking. In an interview with CNBC on Monday, he revealed that he is convinced that the technology: “will be as crucial and disruptive, and changing as regulation was in the last 10 years.” Ermotti said the focus is on the future, as he sees the cost base of the banking industry transforming over the coming five to ten years, he stated: “The only way you can stay relevant is not only by being strong…

Audi Blockchain Shipment

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Audi Blockchain Shipment Completes on Batavia Platform

24th April 201824th April 2018 BCTechreportBank of Montreal blockchain, batavia, batavia blockchain, bctech, bctech report, blockchain, blockchain banking, blockchain financial product, blockchain news, blockchain supply chain, blockchain technology, blockchain technology news, CaixaBank blockchain, Commerzbank blockchain, distributed ledger technology, Erste Group blockchain, finance, financial blockchain technology, financial blockchain technology applications, fintech, global trade finance platform, ibm blockchain, investing, UBS blockchain

Audi complete a blockchain shipment for the first ‘live pilot’ on the Batavia platform, which uses the technology to record the transactions required to trade cars from Germany to Spain. Batavia is being developed by a consortium of 5 banks working with IBM, with the aim to simplify transactions for global trade. Providing an ‘end to end’ solution, recording the process and offering risk management tools linked to key events in the supply chain.