Comparative Analysis on Various Blockchain Technologies and How Can They Transform the Financial Services for Scotiabank
Blockchain is an emerging technology that has the potential to change the way financial participants transact with each other. It enables direct transfer of value and financial assets between participants over networks without the need for a central authority (internet of value). It does this by combining the functionality of different technologies - distributed systems, smart contracts, mutual consensus verification, and cryptography. Given its potential Scotiabank is investing in technical research and business application. The intern will:
â¢ Research blockchain protocols to understand how they operate, their strengths and weaknesses, and key differing characteristics.
â¢ Collaborate with Product and Business Units to apply the technology through proofs-of-concept to determine how it can alter business models and to gain applied insights into the technology.