Blockchain shifts from theory to practice

Pilot projects to transact on distributed ledgers are starting to deliver lower costs, higher speeds and improved efficiency to bank customers. Blockchain may be the biggest shake up in market share the banking business has ever seen

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In February, Infosys Finacle and Let’s Talk Payments released a joint study on the use of blockchain by 75 banks, ranging from smaller regional players to large international financial institutions. It found that half of them have already invested in blockchain or will do this year and that one third expect to see commercial adoption of blockchain before 2018. Fully 50% expect to see that by 2020.

The true innovators account for no more than 15% of banks surveyed.

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