Advancing blockchain

Financial institutions have positioned themselves at the forefront of blockchain technology. Cost savings alone, some project, could run in the tens of billions of dollars per year1. Settlement times could plunge from days to minutes, almost approaching T+0. Moreover, 8 in 10 capital market organizations planning to implement blockchains in 2017 told IBM they expect to introduce new business models for clearing and settlement2. As first-movers edge closer to commercial implementation, one vital question looms large: What could stall blockchain momentum?

1 “Blockchain Tracker: Cost-Saving Opportunity.” PYMNTS.com. January 5, 2017.

2 Bear, Keith, Nick Drury, Peter Korsten, Veena Pureswaran, James Wallis and Likhit Wagle. “Blockchain rewires financial markets.” IBM Institute for Business Value. September 2016. (PDF, 577KB)

Experts on this topic

Joy Sengupta

Joy Sengupta
Head of Corporate Strategy & Planning, CLS

Ram Komarraju

Ram Komarraju
Head of Innovation and Technology Delivery, CLS

Keith Bear

Keith Bear
Vice President, Financial Markets, IBM

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