Blockchain Strategy for Asian Banks to be Presented At Singapore Conference

Banks in Asia are set to outline their Blockchain strategies at the upcoming Blockchain for Finance Conference in Singapore June 20-21.

Bank of Tokyo-Mitsubishi UFJ, China Construction Bank, Mizuho and OCBC Bank are all gearing up to announce how they will engage with Blockchain technology in the future, with advice on hand from current implementers BNY Mellon and Nordea Bank among others.

The conference is being organized by FinTech Network, a UK-based advocacy group which “exists to facilitate and advocate the adoption of innovative and disruptive financial technologies.”

Blockchain for Finance “will help companies to evaluate the latest use cases and POC’s to help assess the viability of adopting distributed ledger technology,” a press release issued Wednesday explains.

The event will also see joint participation from Singaporean governmental authorities, with the Monetary Authority of Singapore due to discuss how the “recent influx of patent filings” relating to Blockchain could impact the financial services industry more broadly.

Curiously, the event is also due to include coaching from R3 CEV on “the unknowns and business challenges associated with Blockchain adoption.” The startup made the news this month after it stated that it “didn’t need a Blockchain” for its Cora platform, and even altered its own publicity to remove mentions of being a direct Blockchain entity.