Deloitte: Blockchain Systems Could Rival ACH Network By 2025
A new report by the Deloitte Center for Financial Services predicts that permissioned blockchain payment systems will see “significant transaction volume” by 2020. Such systems, the report said, could reach the scale of the ACH network, which processes 23 billion transactions annually, by 2025. Elsewhere, it projects that bitcoin and digital currencies will go mainstream, but that many alternative cryptocurrencies would likely vanish or be replaced by “state-sponsored” digital currencies. Deloitte's findings come as part of a broader report assessing how disruptive forces are expected to....
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A recent report coming from the Deloitte Center for Financial Services reveals how the banking industry will be disrupted by emerging technologies. Titled “Banking reimagined,” the report states that the encroaching digital ledger payment systems will be the “most disruptive.” It also details these innovations may reach processing volumes as large as the....
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