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A new report claims that that blockchain technology could reduce infrastructure costs by an average of 30 percent for eight of the world’s ten biggest banks.
Beancounters at Accenture and their chums at the financial services consulting firm McLagan have added up some numbers and divided by their shoe size and worked out that these savings could mean $8-12 billion each year.
According to the report, which has the catchy title “Banking on Blockchain: A Value Analysis for Investment Banks” the technology could solve a lot of the financial industry’s problems.
A new report claims that that blockchain technology could reduce infrastructure costs by an average of 30 percent for eight of the world’s ten biggest banks.
Beancounters at Accenture and their chums at the financial services consulting firm McLagan have added up some numbers and divided by their shoe size and worked out that these savings could mean $8-12 billion each year.
According to the report, which has the catchy title “Banking on Blockchain: A Value Analysis for Investment Banks” the technology could solve a lot of the financial industry’s problems.
