Research Report Details Blockchain Revolution for Financial Services

A new market intelligence report by BIS Research, titled ‘Blockchain Technology in Financial Services Market – Analysis and Forecast: 2017 to 2026’, has reached the conclusion that the application of blockchain could lead to a per-year cost savings of $6-8 billion in KYC/AML, $30-40 billion in trade finance, and $50-60 billion in capital markets.

Now recognized as one of the most disruptive technologies across a number of industries, interest in the technology is identified as being driven mainly by the inefficiencies in existing technologies and processes in the industry and mistrust between parties.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

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