How Blockchain Is Changing the Banking Industry
In 2015, 9 large banks created the R3 consortium to study and experiment with blockchain. Two years hence, the number of participants exceeds 100 people, and hundreds of millions of dollars and thousands of man hours are already invested in future considerations.
Banks are actively testing the distributed ledger technology — they enjoy it. Blockchain is perfect for the financial sector. The results of the experiments are promising, therefore the investments in development of blockchain solutions grow every year.
In the coming years, more and more members of the banking sector will introduce blockchain solutions to attract new customers and retain the old.
https://cdn-images-1.medium.com/max/800/0*cdQukj3RKJBzuOHu.png
https://medium.com/@datariuscryptobank/how-blockchain-is-changing-the-banking-industry-282133f6ba16
In 2015, 9 large banks created the R3 consortium to study and experiment with blockchain. Two years hence, the number of participants exceeds 100 people, and hundreds of millions of dollars and thousands of man hours are already invested in future considerations.
Banks are actively testing the distributed ledger technology — they enjoy it. Blockchain is perfect for the financial sector. The results of the experiments are promising, therefore the investments in development of blockchain solutions grow every year.
In the coming years, more and more members of the banking sector will introduce blockchain solutions to attract new customers and retain the old.
https://cdn-images-1.medium.com/max/800/0*cdQukj3RKJBzuOHu.png
https://medium.com/@datariuscryptobank/how-blockchain-is-changing-the-banking-industry-282133f6ba16