{"id":16940,"date":"2016-10-12T12:17:52","date_gmt":"2016-10-12T20:17:52","guid":{"rendered":"http:\/\/www.altoros.com\/blog\/?p=16940"},"modified":"2020-02-20T01:26:50","modified_gmt":"2020-02-19T22:26:50","slug":"a-panel-how-soon-will-we-see-blockchain-in-finance","status":"publish","type":"post","link":"https:\/\/www.altoros.com\/blog\/a-panel-how-soon-will-we-see-blockchain-in-finance\/","title":{"rendered":"A Panel: How Soon Will We See Blockchain in Finance?"},"content":{"rendered":"<p>Held in Brussels, a <a href=\"https:\/\/www.meetup.com\/HyperLedger-Brussels\/events\/229757120\/\" target=\"_blank\" rel=\"noopener noreferrer\">recent panel<\/a> of finance experts discussed requirements and bottlenecks for blockchain adoption in the finance industry. Moderated by a consultant <a href=\"https:\/\/www.linkedin.com\/in\/yiseulcho\" target=\"_blank\" rel=\"noopener noreferrer\">Yiseul Cho<\/a>, the discussion included <a href=\"https:\/\/www.linkedin.com\/in\/dirkhermans\" target=\"_blank\" rel=\"noopener noreferrer\">Dirk Hermans<\/a> (KBC Bank), <a href=\"https:\/\/www.linkedin.com\/in\/belpay\" target=\"_blank\" rel=\"noopener noreferrer\">Francis Chlarie<\/a> (BelPay), and <a href=\"https:\/\/www.linkedin.com\/in\/olivierroucloux\/\" target=\"_blank\" rel=\"noopener noreferrer\">Olivier Roucloux<\/a> (finoryx).<\/p>\n<p>&nbsp;<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.altoros.com\/blog\/a-panel-how-soon-will-we-see-blockchain-in-finance\/#Adoption_timeline_two_years_five_or_20\" >Adoption timeline: two years, five, or 20?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.altoros.com\/blog\/a-panel-how-soon-will-we-see-blockchain-in-finance\/#Wheres_the_value\" >Where&#8217;s the value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.altoros.com\/blog\/a-panel-how-soon-will-we-see-blockchain-in-finance\/#What_about_regulations\" >What about regulations?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.altoros.com\/blog\/a-panel-how-soon-will-we-see-blockchain-in-finance\/#Want_details_Watch_the_video\" >Want details? Watch the video!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.altoros.com\/blog\/a-panel-how-soon-will-we-see-blockchain-in-finance\/#Related_slides\" >Related slides<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.altoros.com\/blog\/a-panel-how-soon-will-we-see-blockchain-in-finance\/#Related_reading\" >Related reading:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.altoros.com\/blog\/a-panel-how-soon-will-we-see-blockchain-in-finance\/#About_the_panelists\" >About the panelists<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Adoption_timeline_two_years_five_or_20\"><\/span>Adoption timeline: two years, five, or 20?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>After an introductory presentation on <a href=\"https:\/\/www.altoros.com\/blog\/tag\/hyperledger\/\">Hyperledger<\/a>, the first issue tackled was the timeline of adoption for blockchain in the finance industry.<\/p>\n<p>Dirk pointed out that the timeline for adoption would depend entirely on the kind of changes companies would want out of blockchain.<\/p>\n<p><a href=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/hyperledger-blockchain-finance-brussels-dirk-francis-olivier-1.jpg\"><img decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/hyperledger-blockchain-finance-brussels-dirk-francis-olivier-1.jpg\" alt=\"hyperledger blockchain finance brussels dirk francis olivier 1\" width=\"640\" class=\"aligncenter size-full wp-image-16950\" \/><\/a><\/p>\n<p>&#8220;If you take current existing processes and improve them with blockchain, you will have to go to <strong>deep integration<\/strong> with your core systems which will take more time,&#8221; said Dirk. &#8220;There are processes that do not yet exist (that) can deliver benefits of new services to customers which can start off earlier and for which integration with the back-end system is less necessary.&#8221;<\/p>\n<p>As far as processes that do not exist yet but could be integrated much faster, he highlighted the importance of <strong>niche blockchain use cases<\/strong>. (Back in July, Olivier <a href=\"https:\/\/www.altoros.com\/blog\/blockchain-adoption-industry-requirements-and-the-role-of-prototypes\/\" target=\"_blank\" rel=\"noopener noreferrer\">also said<\/a> that niche technologies will drive blockchain adoption and elaborated on the role of prototypes in the process.)<\/p>\n<blockquote><p><em>&#8220;Niche applications can launch earlier.&#8221; \u2014Dirk Hermans, KBC Bank<\/em><\/p><\/blockquote>\n<p>Francis noted the challenges around the two key aspects of blockchain:<\/p>\n<ul>\n<li><strong>Transactions.<\/strong> Language is simply too immature and &#8220;there needs to be a good foundation in the transaction layer.&#8221;<\/li>\n<li><strong>Smart contracts.<\/strong> They need to be carefully approached because of all the legal aspects surrounding it.<\/li>\n<\/ul>\n<blockquote><p><em>&#8220;Smart contracts are like the holy grail that solves everything.&#8221; \u2014Francis Chlarie, BelPay<\/em><\/p><\/blockquote>\n<p>He gave an estimate of <strong>five years<\/strong> before blockchain would see widespread adoption in finance.<\/p>\n<p><a href=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/hyperledger-blockchain-finance-brussels-dirk-francis-olivier-3.jpg\"><img decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/hyperledger-blockchain-finance-brussels-dirk-francis-olivier-3.jpg\" alt=\"hyperledger blockchain finance brussels dirk francis olivier 3\" width=\"640\" class=\"aligncenter size-full wp-image-16952\" \/><\/a><\/p>\n<p>To Olivier, the time frame in which blockchain would be adopted is of secondary importance. Before anything happens, blockchain must first provide <strong>value<\/strong>.<\/p>\n<blockquote><p><em>&#8220;Success is when we have an application that brings value to the user that underlie the blockchain. That will be the key for adoption. It can be in two years, it can be in twenty years.&#8221;<br \/>\n\u2014Olivier Roucloux, finoryx<\/em><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Wheres_the_value\"><\/span>Where&#8217;s the value?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>As Olivier pointed out, the key factor driving blockchain&#8217;s adoption will always be value. Adding to this point, Dirk listed two areas where blockchain could have significant effect\u2014<strong><a href=\"https:\/\/www.altoros.com\/blog\/blockchain-as-a-single-persistent-publish-subscribe-queue\/\" target=\"_blank\" rel=\"noopener noreferrer\">payments<\/a><\/strong> and <strong><a href=\"https:\/\/www.altoros.com\/blog\/ibm-engineers-blockchain-can-streamline-international-trade\/\" target=\"_blank\" rel=\"noopener noreferrer\">trade finance<\/a><\/strong>.<\/p>\n<p>Blockchain is all about streamlining and making processes efficient. &#8220;Blockchain can be helpful for speeding up the process and reducing cost of operations for audits,&#8221; added Dirk.<\/p>\n<p><a href=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/hyperledger-blockchain-finance-brussels-dirk-francis-olivier-2.jpg\"><img decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/hyperledger-blockchain-finance-brussels-dirk-francis-olivier-2.jpg\" alt=\"hyperledger blockchain finance brussels dirk francis olivier 2\" width=\"640\" class=\"aligncenter size-full wp-image-16951\" \/><\/a><\/p>\n<p>According to Olivier, companies will have to rethink their <strong>business models<\/strong> and apply them to different parties that would be involved in a blockchain infrastructure. There is no point in adding another layer because that would only add cost and provide no value.<\/p>\n<p>Another element that blockchain brings is <strong>trust<\/strong>. (Read <a href=\"https:\/\/www.altoros.com\/blog\/managing-risk-and-building-trust-for-blockchain-in-finance\/\">our recent post<\/a> on managing risk and building trust for blockchain in finance.) One of the reasons that traditional financial institutions today still exist is trust. As Dirk put it, &#8220;as much as we hate banks, we still trust banks.&#8221;<\/p>\n<blockquote><p><em>&#8220;You can build systems internally yourself, but the true value of blockchain is creating that trust between multiple parties.&#8221; \u2014Dirk Hermans, KBC Bank<\/em><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_about_regulations\"><\/span>What about regulations?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>To conclude, the panel ended with regulations being <strong>a prime bottleneck<\/strong> for blockchain adoption. Olivier mentioned the European Securities and Markets Authority (ESMA) which published <a href=\"https:\/\/www.esma.europa.eu\/sites\/default\/files\/library\/2016-773_dp_dlt.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">a paper<\/a> back in June on how blockchain and Distributed Ledger Technologies could be applied to the securities market and what would be the benefits, risks, and challenges in doing so.<\/p>\n<p>Dirk was more optimistic, implying that regulators would benefit greatly from blockchain because data on a blockchain network is always stored and cannot be deleted. This allows for the checking of transactions without worry of any tampering.<\/p>\n<p><center><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash\">#blockchain<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/hyperledger?src=hash\">#hyperledger<\/a> meetup at EY , Brussels discussing requirements and adoption bottlenecks <a href=\"https:\/\/twitter.com\/hashtag\/HyperledgerBXL?src=hash\">#HyperledgerBXL<\/a> <a href=\"https:\/\/twitter.com\/dfatkulbayanov1\/status\/775397230001917952\/photo\/1\">pic.twitter.com\/HsssCsd0cw<\/a><\/p>\n<p>&mdash; Dina Fatkulbayanova (@dfatkulbayanov1) <a href=\"https:\/\/twitter.com\/dfatkulbayanov1\/status\/775397230001917952\">September 12, 2016<\/a><\/p><\/blockquote>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/center><\/p>\n<p>At the end of the day, once a working blockchain for finance is established, it&#8217;s not that which regulators have to worry about. Dirk summed it up nicely when he said, &#8220;blockchain is just a technology. It&#8217;s <em>what you do<\/em> that is regulated, not the technology you use.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Want_details_Watch_the_video\"><\/span>Want details? Watch the video!<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table width=\"100%\">\n<tbody>\n<tr>\n<td class=\"video-details-td\">\n<div style=\"float: right; width: 45%; padding-left: 15px; font-size: 14px;\">\n<p><strong>Table of contents<\/strong><\/p>\n<ol>\n<li style=\"margin-bottom: 12px;\">Introduction to Hyperledger (<a href=\"#wistia_8ukhw2lq4f?time=180\">3&#8217;00&#8221;<\/a>)<\/li>\n<li style=\"margin-bottom: 12px;\">Introduction to the panelists (<a href=\"#wistia_8ukhw2lq4f?time=2560\">42&#8217;40&#8221;<\/a>)<\/li>\n<li style=\"margin-bottom: 12px;\">Is there a timeline for blockchan adoption and what are the challenges? (<a href=\"#wistia_8ukhw2lq4f?time=2985\">49&#8217;45&#8221;<\/a>)<\/li>\n<li style=\"margin-bottom: 12px;\">What can blockchain do for audit and compliance? (<a href=\"#wistia_8ukhw2lq4f?time=3520\">58&#8217;40&#8221;<\/a>)<\/li>\n<li style=\"margin-bottom: 12px;\">Are finance institutions banking on any of the big blockchain technologies such as Hyperledger and Ethereum? (<a href=\"#wistia_8ukhw2lq4f?time=4086\">1h8&#8217;6&#8243;<\/a>)<\/li>\n<li style=\"margin-bottom: 12px;\">Are there any significant blockchain use cases specific to finance? (<a href=\"#wistia_8ukhw2lq4f?time=4460\">1h14&#8217;20&#8221;<\/a>)<\/li>\n<\/ol>\n<\/div>\n<p><script charset=\"ISO-8859-1\" src=\"\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_embed wistia_async_8ukhw2lq4f\" style=\"height:320px;width:440px\">&nbsp;<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Related_slides\"><\/span>Related slides<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Here&#8217;s an introductory presentation on blockchain and Hyperledger\u2014delivered prior to the fireside chat by <a href=\"https:\/\/be.linkedin.com\/in\/smitsdavid\" target=\"_blank\" rel=\"noopener noreferrer\">David Smits<\/a> of IBM.<\/p>\n<p><center><iframe loading=\"lazy\" src=\"https:\/\/www.slideshare.net\/slideshow\/embed_code\/key\/F6Xpzn24dNRF4m\" width=\"427\" height=\"356\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" style=\"border:1px solid #CCC; border-width:1px; margin-bottom:5px; max-width: 100%;\" allowfullscreen><\/iframe><\/center><br \/>\n&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Related_reading\"><\/span>Related reading:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><a href=\"https:\/\/www.altoros.com\/blog\/fireside-chat-blockchain-security-scalability-and-energy-consumption\/\">Fireside Chat: Blockchain Security, Scalability, and Energy Consumption<\/a><\/li>\n<li><a href=\"https:\/\/www.altoros.com\/blog\/the-royal-bank-of-scotland-builds-a-hyperledger-digital-wallet-the-lessons-learned\/\">The Royal Bank of Scotland Builds a Hyperledger Digital Wallet: the Lessons Learned<\/a><\/li>\n<li><a href=\"https:\/\/www.altoros.com\/blog\/opinion-the-impact-blockchain-can-bring-upon-finance-and-banking-and-how-it-may-happen\/\">Opinion: The Impact Blockchain Can Bring upon Finance and Banking and How It May Happen<\/a><\/li>\n<li><a href=\"https:\/\/www.altoros.com\/blog\/managing-risk-and-building-trust-for-blockchain-in-finance\/\">Managing Risk and Building Trust for Blockchain in Finance<\/a><\/li>\n<\/ul>\n<hr>\n<h3><span class=\"ez-toc-section\" id=\"About_the_panelists\"><\/span>About the panelists<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div>\n<div style=\"float: right;\"><a href=\"https:\/\/www.linkedin.com\/in\/dirkhermans\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/Dirk-Hermans-kbc-bank-bio.png\" alt=\"Dirk Hermans, kbc bank bio\" width=\"150\" height=\"150\" class=\"aligncenter size-full wp-image-16941\" \/><\/a><\/div>\n<div style=\"width: 600px;\"><small><a href=\"https:\/\/www.linkedin.com\/in\/dirkhermans\">Dirk Hermans<\/a> is a FinTech and Blockchain advisor at KBC Bank &#038; Verzekering. With 10 years of experience in IT and another 10 years of financial business experience, Dirk enjoys surfing the current FinTech waves. With an IT Background in the International Cash Management Business at ING, Dirk started at KBC within the Payments domain as a Performance Manager, followed by a COO function in Trade Finance. Attracted by the Financial Markets domain, he joined Internal Audit in which took several assignments in Financial Markets and Securities for the KBC Group Entities (Belgium, Czech Republic, Hungary, Slovakia, Singapore, Hong Kong).<\/small><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<div style=\"float: right;\"><a href=\"https:\/\/www.linkedin.com\/in\/belpay\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/Francis-Chlarie-belpay-bio.png\" alt=\"Francis Chlarie, belpay bio\" width=\"150\" height=\"150\" class=\"aligncenter size-full wp-image-16942\" \/><\/a><\/div>\n<div style=\"width: 600px;\"><small><a href=\"https:\/\/www.linkedin.com\/in\/belpay\">Francis Chlarie<\/a> is blockchain expert at BelPay. BelPay offers comprehensive and cost-effective solutions for international trade, supply chain management, corporate treasury and various functions related to payment services in international transactions. At BelPay, Francis organizes blockchain and distributed ledger bootcamps, private hackathons on blockchains and smart contracts. He has expert business knowledge in virtual currencies, virtual accounts, collection factories, Cross-Border payments on behalf of international trading mid-corps and banks.<\/small><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<div style=\"float: right;\"><a href=\"https:\/\/www.linkedin.com\/in\/olivierroucloux\/\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/08\/Olivier-Roucloux-finoryx-bio.png\" alt=\"Olivier Roucloux, finoryx bio\" width=\"150\" height=\"150\" class=\"aligncenter size-full wp-image-15521\" \/><\/a><\/div>\n<div style=\"width: 600px;\"><small><a href=\"https:\/\/www.linkedin.com\/in\/olivierroucloux\/\">Olivier Roucloux<\/a> is a FinTech and innovation enthusiast with 20 years\u2019 experience in financial markets. He is the founder of finoryx, a solution company leveraging the blockchain concept to increase operational efficiency in the financial services industry. Before being an entrepreneur, Olivier held senior positions in innovation, business development, strategy, or product management. He worked for Euronext, SWIFT, Euroclear, and couple of service providers; with experience in diverse working locations including Brussels, Paris, Luxembourg, and London. <\/small><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Held in Brussels, a recent panel of finance experts discussed requirements and bottlenecks for blockchain adoption in the finance industry. Moderated by a consultant Yiseul Cho, the discussion included Dirk Hermans (KBC Bank), Francis Chlarie (BelPay), and Olivier Roucloux (finoryx).<\/p>\n<p>&nbsp;<\/p>\n<p>Adoption timeline: two years, five, or 20?<\/p>\n<p>After an introductory presentation on [&#8230;]<\/p>\n","protected":false},"author":32,"featured_media":16949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[7],"tags":[672,972,753],"class_list":["post-16940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-opinion","tag-blockchain","tag-finance","tag-hyperledger"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Panel: How Soon Will We See Blockchain in Finance? | Altoros<\/title>\n<meta name=\"description\" content=\"Is there a timeline for the adoption of blockchain in finance? Where does blockchain provide value? What are the issues in adoption? What about regulations?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.altoros.com\/blog\/a-panel-how-soon-will-we-see-blockchain-in-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Panel: How Soon Will We See Blockchain in Finance? | Altoros\" \/>\n<meta property=\"og:description\" content=\"Held in Brussels, a recent panel of finance experts discussed requirements and bottlenecks for blockchain adoption in the finance industry. Moderated by a consultant Yiseul Cho, the discussion included Dirk Hermans (KBC Bank), Francis Chlarie (BelPay), and Olivier Roucloux (finoryx). &nbsp; Adoption timeline: two years, five, or 20? 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