Deutsche Bank: Capital Markets Expect Blockchain Impact Within 6 Years
Three out of four capital markets participants now believe distributed ledger tech will see widespread use within the next six years, according to a new Deutsche Bank report. Conducted on behalf of the bank's global transaction banking division, the report sought to examine the factors driving the strategic thinking of institutional investors, banks, financial sponsors, sovereign institutions and broker-dealers. In total, 200 market participants were surveyed, with 87% reporting they believe it is likely to have an impact on securities services. Overall, 75% of survey respondents see....
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Most financial firms expect to see the transformative impact of Blockchain technology and its adoption in the next three to five years, according to a study conducted by the Bain and TABB Group. It says that more than 89 percent of financial markets executives interviewed expect distributed ledgers to be adopted by financial institutions by 2020 and its impact on clearing and settlement would be “transformative.” One of the marked changes that would be expected of the technology is its ability to ensure an estimated $15-30 bln total cost and capital savings to global financial market....