Published on October 11th, 2017 | by bitcoin0
James Disney of Credit Suisse Says Blockchain’s Applicaitons in Banking Are Infinite
Credit Suisse bank’s global head of software investment banking, James Disney, addressed the applications of Blockchain technology in the banking industry saying, ‘sky is the limit.’ He cited as an example the use of the technology in the processing of private equity transactions using leveraged buyouts financed with debt.
In his interview with CNBC’s “Fast Money” in mid-October 2017, Disney claimed that Blockchain can significantly reduce the time consumed in the processing of private equity transactions.
He stated that with Blockchain, a transaction can be completed in a matter of minutes.
Disney also cited the various initiatives that were advanced by Credit Suisse to assess the possible applications of Blockchain in its operations.
Blockchain employs three technologies in its operation, namely, the Internet, a private key cryptography, and a protocol governing incentivization.