By John Manning, International Banker
The cryptocurrency craze has been in full flow during 2017. Bitcoin seems to be setting record highs with every passing week. Initial coin offerings (ICOs) are turning traditional capital-raising on its head. And perhaps most significantly of all, blockchain technology is beginning to have a transformational impact on the world. Arguably, it’s the global banking system that could benefit the most from the implementation of this revolutionary distributed-ledger technology. Whether it’s payments, settlements or compliance, blockchain’s key properties of decentralisation, immutability, efficiency, cost-effectiveness and security are leading to a growing chorus of support for the technology’s adoption across the entire spectrum of financial services; as such,the industry is now expected to undergo substantial disruption over the coming years.