Deloitte: Blockchain Will ‘Gain Significant Traction’ by 2020

Deloitte: Blockchain Will ‘Gain Significant Traction’ by 2020

A recent report coming from the Deloitte Center for Financial Services reveals how the banking industry will be disrupted by emerging technologies. Titled “Banking reimagined,” the report states that the encroaching digital ledger payment systems will be the “most disruptive.” It also details these innovations may reach processing volumes as large as the ACH network by the year 2020. Deloitte has been writing reports on trending financial innovation for the past decade, calling these reports “outlooks.” One trend Deloitte has noticed after the financial crisis is that traditional financial....


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Quotes

Irrespective of your opinion, the rise in popularity of cryptocurrencies cannot be ignored. Today, there are a number of billion dollar businesses that accept Bitcoin as a form of payment. These include Dell, Reddit, Expedia, PayPal, and most recently, Microsoft. So for the uninitiated who have not yet grasped what Bitcoin and other cryptocurrencies are, you ought to catch up.

WIRED, American magazine