Wall Street Survey Shows Support for Blockchain Technology
While Wall Street still seems to be divided on the whole issue of bitcoin in general, a recent survey revealed that an overwhelming majority are open to developments related to blockchain technology. This underlying technology, which represents the public ledger of bitcoin transactions, has actually been employed in practical applications related to record-keeping or data security. According to a survey conducted by Greenwich Associates, 94% of the respondents acknowledged that blockchain technology could also have applications in finance. For one, the technology could speed up the....
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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....
Wall Street has been embracing the latest wave of Silicon Valley financial tech at a fast rate. Over the past several months, many Wall Street Financial companies have embraced the new wave fintech enterprises with remarkable speed. The blockchain an online ledger that tracks the movement of digital currency, but it can also be used to manage, register and secure anything else that has value. Wall Street companies seem to have seen the true potential of the blockchain technology and many are now rushing to invest and develop new applications with this new technology. Jamie Dimon, JP Morgan....
Wall Street has been keeping a close eye on the evolution of distributed ledger technology in recent years. The Wall Street Blockchain Alliance, launched in 2015, announced a certification program. The primary goal is attracting Distributed Ledger Technology developers. Education is an important aspect of blockchain technology. While the possibilities of....
The Wall Street companies may soon start using blockchain technology based services provided by DTCC. Blockchain technology in banking and fintech is not a new thing. The sector has been working on implementing the distributed ledger technology into its operations for more than a year now. As they make progress, the Wall Street clearinghouse has decided to hop on the bandwagon by adopting blockchain technology. According to reports, Depository Trust and Clearing Corporation – DTCC has announced its intentions to start using Blockchain technology on a trial basis. DTCC is a leading firm....
A new survey published by the SecondMarket-owned public investment fund, Bitcoin Investment Trust (BIT), suggests that as the general public learns more about bitcoin, overall optimism about its future financial applications is likely to improve. The survey garnered responses from more than 1,000 individuals, including those from the Wall Street, Silicon Valley and bitcoin communities. The results detail how the respondents first learned about bitcoin and how their view of the technology's potential changed over time. Overall, the findings suggest that, should the experience of these....