The use of blockchain technology will help transform financial services, including banking, investment and insurance, as greater efficiency is achieved and more products become available.
Top executives at financial institutions (FIs) expect the use of such technology to be a powerful tool for improving processes, reducing risk, and paving the way for a wider variety of asset classes to be accessible for end-customers. The power of blockchain lies in its ability to remove friction in the financial markets, and at the same time, build trust through atomic (instant) payments which result in greater transparency, higher efficiencies, lower settlement risks and economies of scale.
