Blockchain Technology to Prove Its Worth in the Coming Months

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Among other functions that we have seen in blockchain technology development; UBS is now leading its application on data reporting in order to comply with the new EU rules aimed at improving financial market transparency.

To ensure data accuracy the group formed by UBS, Barclays, Credit Suisse, KBC, Swiss stock exchange SIX and Reuters is testing the new Ethereum blockchain. This will be a great step forward for blockchain technology development and other applications such as KYC procedures that will also be interesting to see in this and for other financial industries.