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Senin, 13 November 2017

[Fintech Snapshot] How banks are experimenting with blockchain technology...

Fully understand blockchain in banking with this chart.
Report Snapshot: Blockchain in Banking

Blockchain technology can be used to create secure, convenient alternatives to costly banking processes…

Nearly every global bank is experimenting with blockchain — technology that can be used to create shared digital databases of entries that are immutable. That's because it promises a partial solution to two of the banking industry's most pressing concerns — high costs and inefficiencies. Blockchain-based solutions also help banks increase competitiveness and generate new revenue streams.

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* This chart was taken from BI Intelligence's Blockchain in Banking Report which is available to Ultimate Fintech & Payments Research Bundle subscribers. You can get access to this report and other timely updates when you sign up today.
Here are some other key points from the study:
  • Banks are participating in global consortia, investing in blockchain fintechs, partnering with fintechs, and building blockchain-based solutions in-house.
  • Banks will start to narrow their focus in the next few years, and tangible use cases will emerge.
  • The most successful solutions will solve specific problems for banks and attract a large enough network to create widespread benefits.
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