Fintech Trends In 2019 - Blockchain Adoption
11 June 2019
0
0
956 
Fintech trends in 2019 Blockchain & Cryptocurrency Adoption
One of many foundational Fintech technologies that provide viable solutions to professional and personal financial transaction problems, Blockchain is expected to have a huge impact on rewiring the financial services industry in 2019. With the clear advantage of security, Blockchain technology is being adopted extensively due to its decentralized and self-sustaining nature, where it records transactions and updates via a distributed database without anyone needing access to the stored data.
The Blockchain technology basically represents a transparent digital ledger that validates, verifies and executes transactions via a decentralized, peer-to-peer network. Considering that payments typically go through a central intermediary that authenticates and authorizes transactions via several stages, Blockchain actually eliminates the need for this intermediary and additionally compresses these tedious steps in one comprehensive process that can be executed in a matter of seconds. In turn, this disruptive concept implies that it is not devoid of challenges, and Blockchain is still met with resistance from traditional financial institutions, which are defined by centralization and control of all payment transactions; many local & regional governments today are still reluctant to join the Blockchain scene, considering it a competitive technology in their industry as opposed to a complementing one.
However, PwC states that a staggering 77% of Fintech companies will adopt Blockchain by 2020, while a report by KPMG claims that 41% of tech leaders want to adopt Blockchain in business in the coming 3 years. Overall, financial experts are not giving up on its rising popularity and are adamant that Blockchain and its underlying applications will be widely accepted in 2019, with a particular emphasis on its positive contributions to Fintech products & services this year.
related articles
The second episode of 7areef FinTech is here!
7areef FinTech - First Episode
Are you interested to be “7areef FinTech”?!
.jpg)
“FinTech Egypt” Launches the First Digital Academy to Upskill the Workforce Skills in the Banking, Financial, and FinTech Sector
FINTECH IS EGYPT’S NEXT BIG OPPORTUNITY..Catch up with FINTEKRS
The Future is FinTech..JOIN FINTEKRS NOW!
FinTekrs’ Alex Round Sponsor
FinTech Worldwide Statistics...FINTEKRS is Not-To-Miss!
Who Can Apply to FINTEKRS
Knowledge from FINTEKRS!
4 Reasons to Join FINTEKRS!
Launching FINTEKRS
FinTech Egypt releases its FinTech Investments-focused H1 2022 Landscape Review “Why Egypt is a promising market for FinTech Investments?”
The Women Techsters Initiative Fellowship Class of 2023
We're bringing top LPs and GPs from around the world
The Egyptian FinTech ecosystem is booming
We've joined forces to bring the best LPs and GPs together
We're taking a closer look at Egypt
Come and join the key players in the Middle East & Africa’s VC market
Connect with Egypt
Frontier of Egypt, Africa & the middle East in the 2022
Egypt’s First VC Summit kicks off in partnership between GIZ Egypt, AfricaGrow and Fintech Egypt
BANQUE MISR, NATIONAL BANK OF EGYPT, AND BANQUE DU CAIRE LEAD INVESTMENT IN NEW FINTECH FUND
The Increasing Influence of Women in FinTech
FinTech Egypt is releasing the first comprehensive report of its kind providing an overview of the unprecedented growth of FinTech in the Egyptian market
5 FinTech Trends to Follow in 2022
How FinTech is Disrupting an Age-Old Industry
RESHAPING FINTECH WITH AI: TOP AI INNOVATIONS IN THE FINANCIAL INDUSTRY
Accelerate’ha’ Female-Focused Problem Statements Now Live!
Breaking Entry Barriers for Women in FinTech
Have Traditional Banks Realized the Full Potential of Fintech By Now?
Episode 5: Accelerating FinTech Innovation through Open APIs
Episode 4: Understanding Blockchain’ s Potential in Disrupting FinTech
.png)
Episode 3: Discovering FinTech Talent through “FinYology - FinTech for Youth”
Episode 2: The Current & Future state of FinTech during COVID-19
FinTech Egypt Dialogue podcast launches its first-ever session about E-KYC Regulations and Regulatory Sandbox
Where does Artificial Intelligence fit in FinTech?
Critical FinTech Questions That Only the Near Future Can Answer
Special Interview With Dor-E, Winner Of The AI-Customer Experience FinTech Innovation Challenge
Egyptian Banking Institute Announces “The Future Of FinTech And Latest Digitalization Trends” Field Trip
Artificial Intelligence Is Transforming Banking As We Know It
Artificial Intelligence Is Transforming Banking As We Know It
Hub71 Partners With Techstars In Launching An Accelerator Program To Boost Startups
FINTECH IN THE SAVANNAH: Afro-Asia FinTech festival 2019 that took place in Nairobi Kenya
How Machine Learning Supports Credit Profiling
The Central Bank of Egypt’s Regulatory Sandbox started its first cohort in “e-KYC” to empower the FinTech ecosystem in Egypt.
Dubai Smart City Accelerator invites Egyptian startups to join Cairo Fast Track
Calling All Egyptian FinTech Startups To Participate In The Afro-Asia FinTech Festival!
Paynas Wins Big At Seamless North Africa 2019
.jpg)
Seamless North Africa 2019
Announcing The Inaugural AFI FinTech Showcase
.jpg)
Discounted Start-Up Passes
Comments