This is a preview of the Beyond Bitcoin (2018) report from Business Insider Intelligence. To learn more about the trends, use cases and financial institutions investing in DLT technology, click here. Current subscribers can read the report here.
Of the many technologies reshaping the world economy, distributed ledger technologies (DLTs) are among the most hyped. DLTs are most often associated with cryptocurrencies like Bitcoin, but such coverage sidelines the broader use cases of DLTs, even though they stand to make a far bigger impact on the broader the financial services (FS) industry.
DLT's value lies in its ability to centralize record-keeping, while cutting out the need for authorization by an overseeing party, instead allowing a record to be confirmed by multiple parties with access to the database. This means DLTs have the potential to streamline financial institutions' (FIs) operations, boost data security, improve customer relationships, and drastically cut costs. But many FIs have struggled to implement DLTs and reap the rewards, because of organizational obstacles, but also because of issues rooted in the technology itself. There are a few players working to make the technology more usable for FIs, and progress is now being made.
In the Beyond Bitcoin report, Business Insider Intelligence takes a look at what DLTs are and why they hold so much promise for FS, the sectors in which DLTs are gaining the most traction and why, and the efforts underway to remove the obstacles preventing wider DLT adoption in finance. It also examines the few FIs close to unleashing their DLT projects, and how DLTs might transform the nature of FS if adoption truly takes off.
Here are some of the key takeaways from the report:
In full, the report:
|This report and more than 275 other expertly researched reports|
|Access to all future reports and daily newsletters|
|Forecasts of new and emerging technologies in your industry|
Get the latest Bitcoin price here.>>
If you look for statistics on bitcoin trading volume by country, you may be surprised to learn that there is… Read More
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material.… Read More
Getting paid in bitcoin? You should be offended, apparently. | Source: Shutterstock; Edited by CCN By CCN Markets : In… Read More
Spencer Bogart, a general partner at venture capital firm Blockchain Capital, thinks that Bitcoin ( BTC ) will be a… Read More
American investor and Morgan Creek Digital Assets co-founder Anthony Pompliano says that Bitcoin will end up in every institutional investor’s… Read More