Report Shows Banks Concern for Transaction Confidentiality on Blockchain Technology
A new report released by Greenwich Associates has found that a high percentage of respondents are concerned with blockchain security when it comes to transaction confidentiality. Blockchain technology is taking the financial institution by storm. As more financial companies continue investing into the technology to bring it to the market it seems hopeful that it could have a major impact in a few years. However, there are significant hurdles in place that need to be tackled first, namely blockchain security. The Bitfinex hack earlier this month, which saw hackers steal $70 million worth of....
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According to a new report released by Big Four Accounting firm PricewaterhouseCoopers (PwC), the Fintech revolution will not revolve around blockchain innovation per se, though it will remain at the top of trends in the banking industry. Meanwhile, banks are still preferring to integrate “easier” solutions, which will optimize day-to-day operations. One....