2016 Predicted to Be Breakout Year for Blockchain Technology in Corporate Banking
Blockchain came to the forefront of corporate bankers’ minds in 2015, as Bitcoin’s underlying technology was widely recognized as a possible game-changer for a number of use cases in the complex world of large business and bank transactions.
The rush to invest in blockchain technology (BCT) has hit a feverish pitch, with more banks piling on seemingly every other week. Innovation labs abound and venture capital money flows. To date, almost all blockchain activity has been related to consumer applications. But what about corporate banking? We should start to see some real use cases piloted in 2016.
Mercator Advisory Group's newest research note, Blockchain in Corporate Banking: What’s Up? discusses the exploding investment and targeted resources aligning to investigate the uses of blockchain in corporate banking, heretofore a stepchild to consumer or retail banking application development. Mercator opines about several use cases expected to be piloted during 2016 by at least two of the many collaborative projects launched in 2015.
"Blockchain, or distributed ledger, came to the forefront of corporate bankers’ minds in 2015, as Bitcoin’s underlying technology was widely recognized as a possible game-changer for a number of use cases in the complex world of large business and bank transactions,” commented Steve Murphy, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service and author of the report.
“2016 should be an interesting year for pilot uses cases, and in this report we point out several of the logical and more near-term possibilities.”
Highlights of the research note include:
- Recent investment and collaboration in developing blockchain technology
- Predictions for corporate banking use cases expected to be piloted in 2016
- Expectations around the use of cryptocurrency in corporate banking
The note is 9 pages long and contains 1 exhibit
Companies mentioned in this research note include Accenture, BitPay, Chainalysis, Coinbase, Digital Asset Holdings, Revel, and Ripple.
Members of Mercator Advisory Group's Commercial and Enterprise Payments Advisory Service have access to this report as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits.
About Mercator Advisory Group
Mercator Advisory Group is the leading, independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.
Please visit Mercator Advisory Group online at http://www.mercatoradvisorygroup.com/
Follow us on Twitter @ http://twitter.com/MercatorAdvisor/