Blockchain could save financial services $20 billion, say execs – Computer Business Review

Over 90% of financial services executives have said that blockchain technology will be critical or important to the future of their firms, with 75% expecting more than a 5% revenue growth from its use.

Revenue growth of this size could be equivocal to $20 billion in savings for these financial services firms, with areas such as compliance, securities and cross-border payments being streamlined.

The research, from Cognizant who polled 1,500 FS executives, represents an extremely positive outlook on the arrival of blockchain.

However, the research also notes that only 48% of executives have a substantial plan for implementing the technology, and that 94% underestimate the cultural changes also required in the process.

More at: Blockchain could save financial services $20 billion, say execs – Computer Business Review

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