Let Reliable Group wrestle with the shifting demands of banking services, financial services, and fin-tech. We bring a nuanced understanding of the flipside of such a dynamically evolving world—after all, convenient and swift financial transactions mean an increased need for personalization, while a sharp uptick in data production translates into a heightened exposure to security threats. As your astute data managers, analysts, and software providers, we’ll empower you to get ahead of the competition, while also defending you against potential technological casualties and risk entities.
We help clients meet those increased expectations and raise the bar across the industry by designing and deploying smart custom-tailored technology systems.
Blockchain and the financial industry
“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
In practicality, blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block contains typically a hash pointer as a link to a previous block, a timestamp and transaction data. Essentially information held on a blockchain exists as a shared — and continually reconciled — database. By design, blockchains are inherently resistant to modification of the data contained in the block. By storing blocks of information that are identical across its network, the blockchain cannot:
Blockchain then could be the technology that enables banks to introduce new products and services quicker and more cheaply. Finally, it could also enable banks to provide the seamless customer experience, transparency and security at present we can only dream of!