Study: Blockchain Tech Low on Finance Sector’s Priority List
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....
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PricewaterhouseCoopers (PwC), the largest professional services firm in the world, is set to initiate research into blockchain tech by focusing on its potential uses in wholesale insurance. PwC to Test Insurance on the Blockchain. The research will be a collaborative project between PwC and Z/Yen, a consultancy think-tank located in the City of London.....
Japan's Ministry of Economy, Trade and Industry (METI) has been discussing the potential impact of blockchain technology on its domestic finance industry, new documents reveal. According to notes from the 16th October meeting of METI's FinTech study group, the government agency has become aware of the increasing interest in the blockchain and distributed ledgers in the US as part of a wider inquiry into financial technology. METI's latest meeting minutes reveal there was broad opinion among meeting participants that blockchain technology could "impact the whole financial industry",....