Deutsche Bank Survey Sees Blockchain Adoption in Six Years

Deutsche Bank sees The DAO incident as a timely reminder of the importance of testing products before they are unleashed. In 2014 Deutsche Bank launched a series of innovation labs in collaboration with IBM, Microsoft and the Indian outsourcing company HCL. The aim was to improve the bank’s digital banking services. Deutsche Bank’s Blockchain project is now out of the ‘proof of concept’ stage. Deutsche Bank’s labs are based in Berlin, London and Palo Alto. Their Palo Alto lab’s aim is to evaluate emerging technologies from Silicon Valley and apply them to enhance their products. The three....

Deutsche Bank has conducted a survey about financial bubbles. Eighty-nine percent of respondents see some bubbles in financial markets, with bitcoin near the “extreme bubble” territory. However, more respondents expect the cryptocurrency to double than they do Tesla’s stock. Deutsche Bank’s Bubble Survey A survey published Tuesday by Deutsche Bank asked 627 market professionals to rate on a scale of zero to 10 how they see financial bubbles in a range of assets. According to CNBC, the survey was conducted between Jan. 13 and Jan. 15. The bank found that 89% of....

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....

Deutsche Bank is exploring the use of the blockchain for a variety of potential applications, according to a recent letter from the German megabank. The bank was one of a number of respondents to a call for evidence by the European Securities and Markets Authority, which is currently establishing how it will regulate digital currencies. The EU securities watchdog issued a request for feedback in April. The bank declined to comment when reached. According to the letter, attributed to global head of regulatory policy Daniel Trinder, Deutsche Bank sees the blockchain as "an area where we have....

Deutsche Bank believes that blockchain technology will become more widespread over the course of the next ten years. The comments come after the German banking giant carried out a blockchain-based experiment that focused on programmable bonds. While declining to disclose the two providers that worked with the bank during the experiment, Deutsche Bank told CoinDesk in an email: "The test [a proof-of-value] is successfully completed. The corporate bond was ideal to test blockchain on the lifecycle of an asset (issuance, coupon payments, redemption), hence why we chose it; at this stage, we....