There is a lot of hype around blockchain technology. Yet, it has no live, large scale implementations within the financial services sector.  The fact remains that blockchain holds great potential in transforming the way we do business.

On the face of it, the FCA’s (Financial Conduct Authority) focus on regulating the market whilst simultaneously promoting competition and innovation may seem like a Catch-22 situation for financial services businesses.

We’ve come a long way from the days of trading cattle for grain, haven’t we? Moving on from the barter system, we graduated to exchanging notes and coins, and now, to biometrics for digital payments. Payment verification technologies are expected to make quantum leaps in technology every decade. So, the day of the sci-fi sounding human wallet dawning upon us doesn’t seem very far.