In this video, learn how the new tools blockchains offer business will be leveraged by finance. Blockchains can change the finance function.
- In September of 2008, … Lehman Brothers, a well-established … global financial services firm filed for bankruptcy, … and over the next five years … lawyers, accountants, and consultants from over 30 firms … racked up more than $2.2 billion worth of fees … trying to unwind what had happened. … Could there have been a better way? … In a blockchain future, yes. … Blockchains offer a permanent, … tamper-resistant audit trail … across even highly-complex business ecosystems. … This gives finance and accounting professionals … end to end transparency … across operations and finance, … but even more exciting, … blockchains can actually merge … business and operational activity … with the movement of money. … And that could be transformative. … Let's look at some of blockchain's features … from the perspective of the finance organization. … First, you can program the way money moves. … Blockchains let you embed terms and conditions … into the movement of money, … automatically executing agreements along the way. …
Alison begins by explaining what blockchains accomplish, how they make it safer for everyone to work together, and where they do—and do not—deliver value. Then, she details the new tools that blockchains offer business, including how they can help you discern what's real from what's false in your digital world. Plus, learn how blockchains can impact different departments within your business, from finance to HR.