{"id":17473,"date":"2016-10-31T07:35:35","date_gmt":"2016-10-31T15:35:35","guid":{"rendered":"http:\/\/www.altoros.com\/blog\/?p=17473"},"modified":"2020-02-20T01:20:33","modified_gmt":"2020-02-19T22:20:33","slug":"a-panel-cooperation-is-key-for-blockchain-development-in-finance","status":"publish","type":"post","link":"https:\/\/www.altoros.com\/blog\/a-panel-cooperation-is-key-for-blockchain-development-in-finance\/","title":{"rendered":"A Panel: Cooperation Is Key for Blockchain Development in Finance"},"content":{"rendered":"<p>A recent <a href=\"https:\/\/www.meetup.com\/de-DE\/HyperLedger-Frankfurt\/events\/229755761\/\" target=\"_blank\" rel=\"noopener noreferrer\">Hyperledger meetup<\/a> in Frankfurt continued to ongoing discussions around the adoption of blockchain in finance. Previous panels have focused on <a href=\"https:\/\/www.altoros.com\/blog\/a-panel-how-soon-will-we-see-blockchain-in-finance\/\" target=\"_blank\" rel=\"noopener noreferrer\">issues with the blockchain itself<\/a> and <a href=\"https:\/\/www.altoros.com\/blog\/what-is-the-future-of-blockchain\/\" target=\"_blank\" rel=\"noopener noreferrer\">predictions for the future<\/a>. This time, <a href=\"https:\/\/www.linkedin.com\/in\/olivierroucloux\/\" target=\"_blank\" rel=\"noopener noreferrer\">Olivier Roucloux<\/a> of finoryx and <a href=\"http:\/\/www.frankfurt-school.de\/content\/en\/who_we_are\/alumni\/alumni-portraits\/francesco-pisani.html\" target=\"_blank\" rel=\"noopener noreferrer\">Francesco Pisani<\/a> of EY talked about cooperation, changing business models, and ways to deal with regulators.<\/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-cooperation-is-key-for-blockchain-development-in-finance\/#Adoption_might_be_slow_but_its_still_fast\" >Adoption might be slow, but it&#8217;s still fast<\/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-cooperation-is-key-for-blockchain-development-in-finance\/#Barriers_to_adoption\" >Barriers to adoption<\/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-cooperation-is-key-for-blockchain-development-in-finance\/#How_do_we_overcome_this\" >How do we overcome this?<\/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-cooperation-is-key-for-blockchain-development-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-cooperation-is-key-for-blockchain-development-in-finance\/#Related_presentation\" >Related presentation<\/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-cooperation-is-key-for-blockchain-development-in-finance\/#Further_reading\" >Further 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-cooperation-is-key-for-blockchain-development-in-finance\/#About_the_experts\" >About the experts<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Adoption_might_be_slow_but_its_still_fast\"><\/span>Adoption might be slow, but it&#8217;s still fast<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>When we talk about the adoption of the Internet, we&#8217;ll often use the example that it started in the 90s. That&#8217;s not accurate, <a href=\"https:\/\/www.colocationamerica.com\/blog\/history-of-ip-address-part-1-arpanet\" target=\"_blank\" rel=\"noopener noreferrer\">development of the Internet<\/a> started 30 years before that. Francesco brought up the comparison between the adoption of the two technologies saying, &#8220;If we talk about the development of blockchain, we should start at 2008 or 2009. We&#8217;re just a few years after that. The development of blockchain is way faster.&#8221;<\/p>\n<p>Despite having a faster rate of adoption, both Olivier and Francesco agree that predictions on broader blockchain adoption within the next few years are very optimistic. Blockchain delopment has one thing going for it, it&#8217;s already <strong>backed by billions of dollars<\/strong>.<\/p>\n<p>&#8220;We have the involvement of groups of large companies and large banks. When the development of different technologies in the past was happening, you always had a couple of leading companies pushing that forward,&#8221; said Francesco. &#8220;Right now, we already have a consortium. We have already accomplished pushing millions into that, and that&#8217;s where, I believe, this is going to push development forward and faster.&#8221;<\/p>\n<p><a href=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/Hyperledger-Blockchain-Finance-Frankfurt-A.jpg\"><img decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/Hyperledger-Blockchain-Finance-Frankfurt-A.jpg\" alt=\"Hyperledger Blockchain Finance Frankfurt A\" width=\"640\" class=\"aligncenter size-full wp-image-17502\" \/><\/a><\/p>\n<blockquote><p><em>&#8220;The main point we discovered is that FinTech will play a major role in (blockchain) development.<br \/>\n\u2014Francesco Pisani, EY<\/em><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Barriers_to_adoption\"><\/span>Barriers to adoption<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At this point in development, it&#8217;s already clear that these are the main hurdles to blockchain:<\/p>\n<ul>\n<li>added value<\/li>\n<li>standards<\/li>\n<li>regulations<\/li>\n<\/ul>\n<p>It&#8217;s not just about replacing technology and using blockchain. &#8220;You have to look at the business process. The business process can be changed to <strong>add value<\/strong>,&#8221; said Olivier. &#8220;They key to success is to bring an additional business value to the solution while reducing the cost. That&#8217;s the only way you can make blockchain efficient in a business scenario.&#8221;<\/p>\n<blockquote><p><em>&#8220;The mistake is to take one technology, remove it, and put blockchain instead.&#8221;<br \/>\n\u2014Olivier Roucloux, finoryx<\/em><\/p><\/blockquote>\n<p>Having <strong>common standards<\/strong> have continuously been brought up in the blockchain development, especially within the <a href=\"https:\/\/www.hyperledger.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Hyperledger Project<\/a> and <a href=\"https:\/\/ethereum.org\/en\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ethereum<\/a>. &#8220;There are big companies right now launching their own digital currencies,&#8221; said Francesco. &#8220;Those are great applications of this technology, but at the same time those applications should be standardized.&#8221;<\/p>\n<p><a href=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/Hyperledger-Blockchain-Finance-Frankfurt-B.jpg\"><img decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/Hyperledger-Blockchain-Finance-Frankfurt-B.jpg\" alt=\"Hyperledger Blockchain Finance Frankfurt B\" width=\"640\" class=\"aligncenter size-full wp-image-17503\" \/><\/a><\/p>\n<blockquote><p><em>&#8220;It&#8217;s good to have a common standard in technology. If you don&#8217;t have the business standards, it doesn&#8217;t work.&#8221; \u2014Olivier Roucloux, finoryx<\/em><\/p><\/blockquote>\n<p>Resistance from <strong>regulators<\/strong> is probably the biggest obstacle to the adoption of blockchain. &#8220;Blockchain was thought to be something that could just be there and could not be changed,&#8221; said Francesco. &#8220;This is not something that&#8217;s going to work in the real world, because you have institutions like banks. Banks do not want to lose control, especially because there are regulations and they have a systemic role in society.&#8221;<\/p>\n<blockquote><p><em>&#8220;The main barrier to adoption is the standards. but at the same time there is also resistance from regulators.&#8221; \u2014Francesco Pisani, EY<\/em><\/em><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_we_overcome_this\"><\/span>How do we overcome this?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>One of the avenues that can speed up the adoption of blockchain is to focus on niche applications (read <a href=\"https:\/\/www.altoros.com\/blog\/blockchain-adoption-industry-requirements-and-the-role-of-prototypes\/\" target=\"_blank\" rel=\"noopener noreferrer\">our post<\/a> on this). &#8220;There are some pockets of markets, some niche markets where operational cost is not in cents, but in euros,&#8221; said Olivier. &#8220;That&#8217;s where you have really good examples like transparencies.&#8221;<\/p>\n<blockquote><p><em>&#8220;We are in an evolution where a lot of companies are creating a niche.&#8221; \u2014Olivier Roucloux, finoryx<\/em><\/p><\/blockquote>\n<p>Rather that look for ways to disrupt and make regulators obsolete, blockchain developers should instead look at potential angles to <strong>include\/integrate<\/strong> them in the process. As an example, Olivier suggested a potential role for SWIFT in a blockchain as &#8220;the standardization authority not only on the message definition, but also on the code of the smart contract. The smart contract created by SWIFT can talk to any smart contract to make the transaction reliable from end to end.&#8221;<\/p>\n<blockquote><p><em>&#8220;There is the need for standardization. There is the need to find a way how to apply this to the financial industry, which is regulated and controlled.&#8221;  \u2014Francesco Pisani, EY<\/em><\/em><\/p><\/blockquote>\n<p><a href=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/Hyperledger-Blockchain-Finance-Frankfurt-C.jpg\"><img decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/Hyperledger-Blockchain-Finance-Frankfurt-C.jpg\" alt=\"Hyperledger Blockchain Finance Frankfurt C\" width=\"640\" class=\"aligncenter size-full wp-image-17504\" \/><\/a><\/p>\n<p>Finally, it&#8217;s about ecosystem and flexibility. It&#8217;s not just the developing communities that are going to contribute to the future of blockchain in finance, it&#8217;s also the existing groups and organizations in finance.<\/p>\n<blockquote><p><em>&#8220;I like the fact that FinTechs like Ripple change their minds completely. Instead of disrupting the industry, which was the word used a couple of years ago, now they want to work with you.&#8221;<br \/>\n\u2014Olivier Roucloux, finoryx<\/em><\/p><\/blockquote>\n<p><strong>Cooperation<\/strong> is what&#8217;s going to push the development and the adoption of blockchain forward. There isn&#8217;t just one way to develop a blockchain, but to make one successful, it&#8217;s clear that developers and regulators have to be involved. As Olivier put it, &#8220;Blockchain is a community. If you launch it alone, it doesn&#8217;t make sense.&#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: 6px;\">What business use cases are there for blockchain in finance? (<a href=\"#wistia_ovkw3t42cs?time=275\">4&#8217;35<\/a>)<\/li>\n<li style=\"margin-bottom: 6px;\">When did blockchain development really start? (<a href=\"#wistia_ovkw3t42cs?time=454\">7&#8217;34&#8221;<\/a>)<\/li>\n<li style=\"margin-bottom: 6px;\">What is the idea behind blockchain? (<a href=\"#wistia_ovkw3t42cs?time=720\">12&#8217;00&#8221;<\/a>)<\/li>\n<li style=\"margin-bottom: 6px;\">How important is standardization? (<a href=\"#wistia_ovkw3t42cs?time=1030\">17&#8217;10&#8221;<\/a>)<\/li>\n<li style=\"margin-bottom: 6px;\">How much does misinformation affect the development of blockchain? (<a href=\"#wistia_ovkw3t42cs?time=1182\">19&#8217;42&#8221;<\/a>)<\/li>\n<li style=\"margin-bottom: 6px;\">What new values can blockchain add? (<a href=\"#wistia_ovkw3t42cs?time=1495\">24&#8217;55&#8221;<\/a>)<\/li>\n<li style=\"margin-bottom: 6px;\">Does blockchain affect digital currencies? (<a href=\"#wistia_ovkw3t42cs?time=2245\">37&#8217;25&#8221;<\/a>)<\/li>\n<li style=\"margin-bottom: 6px;\">How important is knowledge sharing in the development of blockchain? (<a href=\"#wistia_ovkw3t42cs?time=2845\">47&#8217;25&#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_ovkw3t42cs\" 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_presentation\"><\/span>Related presentation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Prior to the fireside chat, <a href=\"https:\/\/www.linkedin.com\/in\/elke-kunde\" target=\"_blank\" rel=\"noopener noreferrer\">Elke Kunde<\/a> of IBM delivered a technical introduction to Hyperledger.<\/p>\n<p><center><script src=\"\/\/fast.wistia.com\/embed\/medias\/6xjrlfrcjc.jsonp\" async><\/script><script src=\"\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_embed wistia_async_6xjrlfrcjc\" style=\"height:360px;width:640px\">&nbsp;<\/div>\n<p><\/center><br \/>\n&nbsp;<br \/>\n<center><iframe loading=\"lazy\" src=\"https:\/\/www.slideshare.net\/slideshow\/embed_code\/key\/yucdVecwBtv1RD\" 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> <\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Further_reading\"><\/span>Further 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_experts\"><\/span>About the experts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div>\n<div style=\"float: right;\"><a href=\"http:\/\/www.frankfurt-school.de\/content\/en\/who_we_are\/alumni\/alumni-portraits\/francesco-pisani.html\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/Francesco-Pisani-EY-bio.png\" alt=\"Francesco Pisani, EY bio\" width=\"150\" height=\"150\" class=\"aligncenter size-full wp-image-17474\" \/><\/a><\/div>\n<div style=\"width: 600px;\"><small><a href=\"http:\/\/www.frankfurt-school.de\/content\/en\/who_we_are\/alumni\/alumni-portraits\/francesco-pisani.html\">Francesco Pisani<\/a> is a consultant in the Transactions Advisory Services department at EY in Frankfurt \/ Eschborn. He is also a PhD student at the ProcessLab of the Frankfurt School of Finance and Management, conducting various projects in the payment field\u2014one of them is centered around the effects of blockchain. Francesco holds a Bachelor degree in Business Administration (B.Sc.) from the Universit\u00e1 La Sapienza di Roma, a Master degree in Economics and Management (M.Sc.) from the LUISS Guido Carli University in Rome, and a Master of Finance (M.Sc.) degree from the Frankfurt School of Finance and Management.<\/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 blockchain to increase operational efficiency in the financial services industry. Before being an entrepreneur, Olivier held senior positions in innovation, business development, strategy, and product management. He worked for Euronext, SWIFT, Euroclear, and couple of service providers\u2014with experience in diverse working locations, including Brussels, Paris, Luxembourg, and London. <\/small><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<div style=\"float: right;\"><a href=\"https:\/\/www.linkedin.com\/in\/elke-kunde\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/10\/Elke-Kunde-IBM-bio.png\" alt=\"Elke Kunde, IBM bio\" width=\"150\" height=\"150\" class=\"aligncenter size-full wp-image-17515\" \/><\/a><\/div>\n<div style=\"width: 600px;\"><small><a href=\"https:\/\/www.linkedin.com\/in\/elke-kunde\">Elke Kunde<\/a> is an industry architect at IBM Germany. She is an IBM Certified Solution Advisor for Cloud Reference Architecture V5. Elke has expertise in IT strategy, cloud computing, solution architecture, enterprise architecture, and virtualization. She is also a member of the Technical Expert Council Central Region\u2014an IBM Academy of Technology affiliate for Germany, Switzerland, and Austria.<\/small><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A recent Hyperledger meetup in Frankfurt continued to ongoing discussions around the adoption of blockchain in finance. Previous panels have focused on issues with the blockchain itself and predictions for the future. This time, Olivier Roucloux of finoryx and Francesco Pisani of EY talked about cooperation, changing business models, and [&#8230;]<\/p>\n","protected":false},"author":32,"featured_media":17505,"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-17473","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: Cooperation Is Key for Blockchain Development in Finance | Altoros<\/title>\n<meta name=\"description\" content=\"The blockchain ecosystem should forget about disruption and instead focus on cooperation and working with existing financial services.\" \/>\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-cooperation-is-key-for-blockchain-development-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: Cooperation Is Key for Blockchain Development in Finance | Altoros\" \/>\n<meta property=\"og:description\" content=\"A recent Hyperledger meetup in Frankfurt continued to ongoing discussions around the adoption of blockchain in finance. Previous panels have focused on issues with the blockchain itself and predictions for the future. 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