Survey Shows Overwhelming Support for Blockchain Tech by Financial Services Executive Boards
The global business consulting and technology services provider Synechron conducted a survey in cooperation with capital markets research firm TABB Group on the topic of blockchain technology in financial services. Over 200 senior-level financial services and technology decision makers across the U.S., U.K. and Europe were interviewed for this survey.....
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While Wall Street still seems to be divided on the whole issue of bitcoin in general, a recent survey revealed that an overwhelming majority are open to developments related to blockchain technology. This underlying technology, which represents the public ledger of bitcoin transactions, has actually been employed in practical applications related to record-keeping or data security. According to a survey conducted by Greenwich Associates, 94% of the respondents acknowledged that blockchain technology could also have applications in finance. For one, the technology could speed up the....
New data suggests that many financial professionals believe their industry is being reshaped by blockchain technology. A survey conducted by market intelligence provider Greenwich Associates shows that a number of financial institutions are actively reviewing solutions using distributed ledgers. Few respondents indicated that their institutions were actively deploying blockchains at this time. Seventeen percent of 92 survey-takers said that they are "currently using" some form of implementation. Yet more could begin utilizing the technology in the near future - of 87 respondents, 47% said....
A recent survey from Deloitte that collated data from 1,280 senior finance executives in 10 locations across the world produced interesting results regarding the blockchain industry. This survey is Deloitte’s fourth annual Global Blockchain Survey, which focuses on the financial services industry (FSI). Findings from the survey show that there is a need for the industry to turn towards product modernization and distribution in order to see economic growth. When polled, 76% of the 1,280 respondents said they believed that the end of physical money is near. And that digital assets were set....
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....
IBM’s recently released report suggests the Blockchain technology will be implemented by 15% of big banks by as early as 2017. The American tech giant recently announced the development of its independent Blockchain networks capable of operating on smart contracts utilized by the world’s leading financial institutions and businesses. Trailblazers Setting the Pace. In coordination with the development of its Blockchain services, IBM has published two new studies entitled “Leading the Pack in Blockchain Banking: Trailblazers Set the Pace” and “Blockchain Rewires Financial Markets:....