MBR ISSUE 44
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EXECUTIVE LIFESTYLE<br />
Malta Business Review<br />
Blockchain in Action in Corporate Banking<br />
by Alenka Grealish<br />
“And they’re off” is the most succinct way to describe the status of<br />
blockchain-based initiatives in commercial banking. The race to scale<br />
production is on and will be a marathon, not a sprint.<br />
Key Research Questions:<br />
• What use cases are approaching the<br />
golden triangle of value, feasibility,<br />
and viability?<br />
• Who are the payments contenders?<br />
• Who are the trade finance<br />
contenders?<br />
Abstract:<br />
Blockchain in corporate banking is moving<br />
from experiment to live transactions,<br />
proving value and feasibility but not<br />
yet demonstrating viability (e.g., scale).<br />
Celent showcases 12 contenders in<br />
payments, trade finance, and syndicated<br />
loans.<br />
Early movers have gone from proofs<br />
of concept to pilots and production.<br />
The production launches are currently<br />
relatively small initiatives. Most initiatives<br />
are digitizing processes, that is, carrying<br />
messages or documents. Only a very few<br />
are using digital assets as a medium to<br />
exchange value. The next 18 months will be<br />
a critical period to attract service providers<br />
and end users. In parallel, blockchain<br />
and DLT platform providers are working<br />
fervently on improving scale and speed<br />
with the goal of staying one step ahead of<br />
the needs of application providers.<br />
Celent has selected 12 contenders to profile<br />
based on their progress toward winning<br />
medals in value, feasibility, and viability<br />
as well as the calibre of their people and<br />
participants.<br />
• Five in cross-border payments with<br />
the first three in production: Ripple,<br />
Stellar, IBM World Wire, JPM Interbank<br />
Information Network, and Visa B2B<br />
Connect.<br />
• Six in trade finance with the first two<br />
in production: we.trade, India Trade<br />
Connect, TradeIX, Skuchain, Voltron,<br />
and Centrifuge.<br />
• One in syndicated lending in<br />
production:Fusion LenderComm by<br />
Finastra. <strong>MBR</strong><br />
Creditline: Celent PR & Digital; Celent, a<br />
division of Oliver Wyman<br />
www.maltabusinessreview.net<br />
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