Greenwich Report: Blockchain Technology Is Coming to Capital Markets
As NASDAQ is gearing up to become the first exchange operator to utilize blockchain technology by the end of this year, a newly published report by financial industry consulting firm Greenwich Associates suggests that the tech-exchange might just be setting a trend. The consulting firm predicts that blockchain technology is coming to the financial markets in a big way. In order to get an idea of the level of awareness and understanding of blockchain and blockchain-like technologies, Greenwich interviewed 102 institutional financial professionals over the past couple of months. Nearly all....
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A recent survey by Greenwich Associates reports financial and technology markets will invest $1 billion in blockchain technology this year. The interviewees cited the vested interest the financial industry has in legacy systems as the main obstacle to blockchain investment. The survey indicates trends from the past two years are continuing in 2016. Venture capital backed investment in bitcoin and blockchain companies jumped from $3 million in 2011 to $474 million in 2015, CCN reported in March. The number of deals rose from two in 2011 to 75 in 2014 and 74 in 2015. Estimate Based On....
A new report released by Greenwich Associates has found that a high percentage of respondents are concerned with blockchain security when it comes to transaction confidentiality. Blockchain technology is taking the financial institution by storm. As more financial companies continue investing into the technology to bring it to the market it seems hopeful that it could have a major impact in a few years. However, there are significant hurdles in place that need to be tackled first, namely blockchain security. The Bitfinex hack earlier this month, which saw hackers steal $70 million worth of....
Blockchain technology is set to disrupt existing financial business models within the next five to 10 years, according to a new report by global capital markets consulting firm GreySpark Partners. Entitled "The Blockchain: Capital Markets Use Cases", the report notes that distributed ledger technology (abbreviated as DLT) has the potential to reduce operational costs and counterparty and settlement risk, while also impacting payments and remittances, among other financial sectors. Other topics discussed in the report included digitised financial instruments; regulatory reporting; clearing....
Blockchain projects will move from proof-of-concept to production this year, according to a new report from market intelligence firm Greenwich Associates. Released today, the research note offers 10 market structure trends for 2017 and lists its expectations for the blockchain industry in its final slot. Author Kevin McPartland reasons that, while many in the industry had said blockchain is overhyped, he believes there might not be enough evidence to make this claim. "Our blockchain research was the most-read by our capital markets clients in 2016. In 2017, we'll finally start to see....
A new survey suggests that many finance professionals see a bright future for blockchain technology - just not one involving bitcoin. Greenwich Associates, a market intelligence firm, recently released its "Distributed Ledgers in Capital Markets: Answering the Big Questions" survey, which follows previous publications that focus on quantifying Wall Street's growing relationship with bitcoin and blockchain technology. When asked whether Wall Street legal and compliance professionals will trust asset transfers that occur via a blockchain. Thirty-two percent indicated that they believe this....