Blockchain – the driver of financial innovation?

Asian legal and financial industry experts see plenty of promise in the technology behind bitcoin. But it's not as straightforward as might be assumed.

Blockchain isn’t only about bitcoin a growing number of companies and governments in Asia are experimenting with the technology as a secure and transparent way to move and track ownership of assets digitally, an industry conference heard on Wednesday.

Financial institutions such as HKEx, Hong Kong’s exchanges operator, is mulling ways to use blockchain to clear and settle trades in a bid to reduce costs and speed up transactions for customers. Traditional companies such as shipping companies are also working with insurance firms to create a platform that makes auditing a shipping supply chain more efficient and allows data to be shared in real time.

China,...

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