Survey: 47% of Finance Pros Say Firms Exploring Blockchain Tech
New data suggests that many financial professionals believe their industry is being reshaped by blockchain technology. A survey conducted by market intelligence provider Greenwich Associates shows that a number of financial institutions are actively reviewing solutions using distributed ledgers. Few respondents indicated that their institutions were actively deploying blockchains at this time. Seventeen percent of 92 survey-takers said that they are "currently using" some form of implementation. Yet more could begin utilizing the technology in the near future - of 87 respondents, 47% said....
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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....
A global trade organization for financial exchanges released a new survey today on distributed ledgers, highlighting views held by industry incumbents regarding the technology. Twenty-four firms, constituting exchanges, central securities depositories and central counterparties, collectively dubbed "financial market infrastructures", or FMIs, took part in the survey, published by the World Federation of Exchanges (WFE). In total, there were 25 participants, and of those services, 21 said that they were actively exploring applications of the technology. Firms who participated in....
Many financial services executives say blockchain technology is low on their corporate priority list, according to a new survey from professional services firm PricewaterhouseCooper (PwC). The new report, which focuses on global trends in financial technology, drew responses from 544 participants, including C-level executives as well as innovation directors and managers from firms in the banking, insurance, asset management and FinTech industries. Most respondents said they were, at best, "moderately familiar" with the technology, with less than 5% indicating that they....
Despite claims that blockchain could be a disruptive technology, a new survey has found 70% of financial institutions believe the innovation will positively impact their business. Notably, this figure rose to 90% among financial institutions that reported a strong awareness of the technology, according to data from business advisory firm FTI Consulting. The findings came even as respondents suggested they also believe that blockchain technology could make it easier for criminals to finance illegal activities and sidestep regulations. According to managing director Dan Healy, the survey was....
Event organiser Tech in Motion recently carried out an interesting survey on digital currencies. The findings are hardly surprising: techies love bitcoin. Tech in Motion sent out questionnaires to 18,000 members and 847 were kind enough to respond. When asked whether they would like to be paid in bitcoin, 51.1% said "yes, absolutely". However, 18% said they would rather wait and see where bitcoin ends up in a year or two. The remainder said they would rather be paid in cash, while 9.9% said they would not accept bitcoin payments, as they don't believe the currency will last. Only 1.18% of....