Moving into 2016, CBoxx find ourselves in familiar territory working hard on exciting, forward thinking, ambitious and currently highly confidential financial services projects that I can’t say much about! We hope to reveal more later in 2016 as these projects move from development to live. Suffice to say that our project delivery and architectural skills are being fully exercised.
But it always pays to keep looking ahead and our ongoing research program has been focussing on simplification of the financial services stack, revisiting territory last examined by us about three years ago but this time armed with our growing knowledge and experience of the newly emergent distributed ledger technology (aka blockchain).
Working with OCP, we have been conducting a series of informative meetings and exchanges of views on the subject of distributed ledgers and infrastructure simplification with leading industry participants – third party administrators, platforms, global services providers, standards organisations etc.
We have discovered and perhaps even helped to fuel activity in this area at all levels of the stack and will soon start preparation of a fresh research report / white paper on the subject. It does look certain that transformational change really is coming to the incumbent administration systems and all companies providing trusted third party services need to take a very careful strategic and technical look at this area. Of course, we’re happy to help.
Since my previous article and white paper based on our first impressions of blockchain, CBoxx has been keeping tabs on developments and in particular researching the permissioned ledger flavour of this technology, as described here by Richard Gendal Brown (previously of IBM, now of R3). This article on LinkedIn Pulse sums up our current view…
CBoxx update on Blockchain and Financial Services
“How seriously should you take this? I would take it about as seriously as you should have taken the concept of the Internet in the early 1990s. It’s a big deal. And it is going to change the way our financial world operates.”
Blythe Masters on the Significance of Blockchains in Financial Industries, 3rd June 2015
Impressively putting her money where her mouth is, on 25th June 2015, Digital Assets Holdings, lead by Blythe Masters, promptly purchased Hyperledger a finalist in the SWIFT Innotribe startup challenge and one of the companies included in this CBoxx research white paper, before we’d had time to finish proof reading it!
The paper published here aims to take a measured view of whether Blockchain technology, or more specifically, the Permissioned Distributed Ledgers variant, has a place in UK Financial Services technology yet. We anticipate that it will soon become a serious new consideration for any business case that is built around the economies and benefits of introducing a centralised hub.
The big banks are already testing the technology, so should major UK product providers, platforms and members of their technology ecosystem being doing likewise?
Click here to download the White Paper (PDF)
This CBoxx white paper is based on our experience drawn from delivering UK Fintech projects.
It looks at the common pitfalls of estimating complex software projects and explores three key areas that can deliver improvements: Scope, Measurement and Communication. It investigates how a change from the usual time-based estimation approach to size-based could make the daunting problems of accurate estimating solvable through the application of straightforward good management practice, with potential to unlock even wider business benefits …
Click here to download the white paper (PDF)