Blockchain technology depends on community trust and applications of this technology can be found in several industries and sectors including the financial institutions. Use cases can be found in cross border payments, loyalty and rewards, Stock and security, P2P lending, remittance, Healthcare, Private markets, Debt management, crowd funding, digital rights, escrows etc.

Questions on why the banks have not fully adopted this technology as a way of conducting transactions and in his response, he stated that the financial services industry(FSI) is a regulated industry and both the industry practitioners and the regulator are working on the how best to adopt and regulate the technology for the FSI.