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Companies across a variety of industries have been pouring money into blockchain research in the hopes of getting in on the ground floor of the next big tech wave. As the underlying technology that makes all cryptocurrencies work, it's only natural that the financial industry would make good use of the blockchain before anyone else. The most important area in finance where blockchain is making big strides is within the realm of currency trading. Big global banks are also using blockchain to conduct financial transaction settlements in real-time. Accenture and Microsoft are working together to create a blockchain-based global identification system.