Survey Finds 55% of Financial Services Firms Engaging in Blockchain Tech R&D

TheĀ global financial sector’s migrationĀ to the blockchain appears to be a tidal wave. The International Securities Association for Institutional Trade Communication (ISITC) revealed Tuesday results of its annual member survey of global financial industry plans for 2016.

The industry group’s research found that 62% of firms see investment in technology as a top area of focus in 2016-2017, citing increased interest in blockchain and cybersecurity technology. Specifically, 55% of firms are monitoring, researching or already developing solutions for blockchain technology.