Bitcoin and blockchain, the digital-ledger technology behind this electronic currency, are generating enormous amounts of interest in the financial services industry. Most of the larger banks are investigating this area, and many technology companies are building platforms to enable blockchain technology for financial services firms.
However, the adoption of blockchain technology will require significant technology upgrades. Current legacy systems cannot provide the security and performance needed to support the decentralized blockchain architecture in a well-integrated way. Participants will need scalable, distributed, and well-protected computing platforms in order to leverage the technology successfully.
This white paper will discuss bitcoin and blockchain technology, describe the innovative opportunities this technology offers for financial services firms, and examine how in-memory options such as the GridGain in-memory computing platform can address the challenges and boost the effectiveness of tomorrow’s blockchain applications.