A new report by IHS Markit says the value of blockchain in financial services is set to jump to more than $460bn in the next 10 years; so far the most common uses of the technology within institutions has been for cross-border payments, share trading and syndicated lending; “Because the financial sector includes markets of significant value, even a small percentage of cost savings and efficiency gains can lead to significant business value for companies and industries that introduce blockchain technology,” said the survey, called Blockchain in Finance Report 2019, as reported by AltFi; regulatory acceptance by the U.S. based SEC and UK based FCA is also helping blockchain to become more mainstream. Source.
