A newly published Deutsche Bank report called “Powering the flow of global capital” goes into great detail about the blockchain phenomenon. Researchers from the bank surveyed a variety of participants who believe blockchain technology is estimated to hit critical mass within six years.
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Deutsche Bank Survey Shows High Hopes for Blockchain Industry
Deutsche Bank executives explained digital ledger technologies show promise and could replace traditional record-keeping, post-trade settlement, and shared assets. The report surveyed 200 participants, with 87% of the crowd believing blockchain is set to transform the securities industry.
“Blockchain may completely change the settlement model for securities processing, creating a utility around securities processing and cash management,” said a representative.
Another positive sentiment was that 75% of participants surveyed believed blockchain would be “widely used” within the next six years. The