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A Timetable for Blockchain Uptake?

Posted on July 1, 2016 by Dave Nitchman

According to a recent Morgan Stanley¬†report, “Global Insight: Blockchain in Banking: Disruptive Threat or Tool?”, the financial industry¬†sees an opportunity to reduce complexities using blockchain to power smart ledgers and contracts. While broad based adoption in the banking industry could take as long as a decade, exchanges and certain behind the scenes players could feel the impacts of “permissioned” blockchain uptake in as little as 12-18 months. The authors predict that change will come through consortia of market participants acting in concert as opposed to start-ups, although there are a growing number of new FinTech firms pushing change through API-driven products. Forbes online has an interesting and detailed synopsis, which also outlines a number of the challenges to adoption.

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