It’s happened. The world’s first blockchain-supported corporate loan deal has been completed by BBVA.
Both private and public blockchains played their part (and DAC Beachcroft will be running a series of blockchain events in due course).
An innovative move, BBVA’s initiative is intended to reduce the duration and complexity of corporate lending.
The words agility, transparency and traceability are much-used in connection with this transaction. But a key benefit is also reduced transaction time.
We’re at the start of a steep exponential curve in this area of finance and technology. Watch this space.