German Blockchain Survey: 68% Foresee ‘Negative Consequences’ for Banks
A survey by German financial industry consulting firm Confinpro AG has revealed that 68% of finance experts believe that blockchain technology will have “negative or very negative consequences” for traditional banks. The firm’s leading consultant adds that now is the “time to act, rather than waiting for the technology to threaten major aspects of....
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A German telecommunications trade organization has published a new survey that shows little enthusiasm for bitcoin among financial executives. The survey, carried out by the research arm of the German Association for Information Technology, Telecommunications and New Media (Bitkom), was put to 77 CEOs and 25 members of the board from a series of German financial services. The group said that 95% of those surveyed believe digital currencies like bitcoin will see niche applications in the next ten years. Two percent of respondents said they believe bitcoin will become an widely accepted....
A survey conducted by professional services firm Accenture has revealed that nine out of 10 major U.S., Canadian and European banks are currently exploring blockchain technology in the field of payments. The survey, titled ‘Blockchain Technology: How banks are building a real-time global payment network’ [PDF] canvassed the opinions of 32 of the top commercial banking professionals in the banking industry. Notably, the transformational potential of blockchain technology in the payments space was under the spotlight. Executives participating in the survey included those from 11 of the top....
A new survey has found that the energy sector in Germany may soon be adopting the blockchain technology with many energy companies outlining a road map for the implementation of the technology in the future, according to the German news site, Contra Magazin. The survey, undertaken by Deutsche Energie-Agentur (German Energy Agency) and ESMT Berlin, looked at the responses from 70 executives serving firms in the energy sector. The results found that 39 percent indicated that their companies have plans in the future to implement the technology. While another 13 percent stated that they....
According to an IBM survey that gathered insights from 200 global banks, 15% of those banks could be running blockchain solutions as early as 2017. While 2016 is the year that has – already – seen blockchain prototypes tested and trialed, 2017 will be the year banks start putting blockchain solutions into implementation, according to a new IBM study. “Hurtling” Toward Blockchain. Released today, the study, “Leading the Pack in Blockchain Banking: Trailblazers Set the Pace”, conducted by IBM Institute for Business Value, summed up the interest in blockchain among the 200 banks it surveyed,....
A representative survey covering a hundred CEOs and board members of financial companies in Germany has shown that financial executives aren't enthused by bitcoin. In a survey conducted by the German Association for Information Technology, Telecommunications and New Media or Bitkom - a German trade association and think tank - 95% of those surveyed see digital currencies including Bitcoin to remain in the niche over the next decade. Furthermore, 2% of the finance executives believe that the cryptocurrency will be an accepted mode of payment, in tandem with existing payment methods. The....