8:00-9:30am. Blockchain is believed to have the potential to completely revolutionize the financial industry. It is a digital technology used for organizing and distributing near real-time financial transactions or data records of account ledgers to multiple participants, and would potentially provide immediate settlement of transactions, material cost benefits across front and back office activities, increased verification, improved data encryption and real-time reporting, among others. However, much of the research and development activities are happening outside of Asia while few Asia-based companies have dedicated teams in the region examining blockchain technology. Please join the session to understand stages of blockchain development and concerns over issues such as security and regulations.
The session will also examine key challenges for adopting blockchain in Asia and the prospect of blockchain making the leap from concept to reality for mainstream financial services companies. First 15-20 minutes is for networking Light breakfast included Hosted by the Financial Services Committee
The American Chamber of Commerce in HK 1904 Bank of America Tower 12 Harcourt Road Central, Hong Kong