Blockchain technology, while powering Bitcoin, offers broader financial applications through a shared and secure ledger that enhances efficiency in reconciliation and settlement. It supports both public and private configurations and leverages cryptography for security. The potential of blockchain will emerge through experimentation and overcoming regulatory and technical hurdles.

1. Not Just for
Bitcoin
1
Public or
Private
2
Secure
3
Efficient
4
Still Early
Days
5
State Street Explains...
Blockchain in Five
It powers the Bitcoin
system, but can enable many
other financial applications
and interactions.
Having a shared, validated
and distributed ledger can
help speed reconciliation,
shorten settlement time
and automate processes.
Blockchain applications
behave the way we
need them to — open and
public, or permission-
based and private.
Cryptography is a key
part of a blockchain.
It ensures the data
can be distributed and
still be secure.
Huge potential that will
only be unlocked through
experimentation and
by addressing regulatory,
governance and
technical challenges.
CORP-1861