The Netherlands has been using blockchain in many sectors, including financial technology, trade finance, self-sovereign identity, energy, entertainment, cryptocurrency, real estate, healthcare, logistics, etc. In several ways, the country has been a trend-setter in applying DLT in several industries - both in the public and private sectors - and it has strong legislation supporting this use and a sound digital infrastructure. In the financial services sector, blockchain technology has found its applications mainly in trade settlement, KYC and trade finance. Stakeholders have never shied away from collaborating with global players in this domain. Also, the country is encouraging cryptocurrency and the Dutch Central Bank has extended registration for crypto service firms too.
There are 2 specific institutions in the country that facilitate the use of tokens and virtual assets through public-private initiatives - the Dutch Blockchain Coalition and the 2Tokens Foundation. They help organizations to use tokenization in their day-to-day operations. Similarly, NX’change is a regulated market where tokenized securities and digital assets can be traded within the existing regulatory framework.
When covid struck and the health services sector was in disarray, blockchain firms came to the sector’s rescue through developing covid tracking apps and medical supply chain applications.
NO SPECIFIC LEGISLATION
Esta historia es de la edición February 2021 de Banking Frontiers.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición February 2021 de Banking Frontiers.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
The day is when brands bring customers to banks
Credit Card-as-a-Service will enable every business to issue a card of its own:
Transforming Tech Team from Generalists to Specialists
Gaurav Jalan, CEO of mPokket, dives into cloud data storage and machine learning for smarter lending decisionsm and strategic vendor partnerships, shaping mPokket’s agile tech ecosystem for growth:
Metabase, a unique cloud computing experiment by BEA
Hong Kong based Bank of East Asia, takes up a unique initiative in migrating to the cloud:
Radian Finserv empowers dreams across 5 states
Partha Sengupta, COO at Radian Finserv, reveals the company’s highest standards of service and integrity in all operations & expansion plans:
A digital thrust for Islamic Banking
Kuwait Finance House is a totally Shari’a compliant bank that used digital tools to its full capacity:
No escape from the law
A woman entrepreneur in Vietnam was sentenced to death recently for causing irreparable loss to a bank:
ARDB Computerization to boost agri & rural economy
Agricultural and Rural Development Banks (ARDBs) play a vital role in India’s cooperative sector by providing financial services and credit to farmers and rural communities.
Digital helps Branches boost Customer-Centricity
Public sector banks in India, long cherished for their reliability and extensive reach, are at a pivotal juncture.
Actionable Insights & Data Visualization empowers Belstar field force
Dhanasekaran S, CTO at Belstar Microfinance narrates the needs of the field force and developing a solution that empowers them:
Banks gearing up to buy Cyber-insurance
Recent years have seen a concerning uptick in cyber incidents against banks. In 2023, a data breach at Bank of America exposed over 57,000 customer accounts.
