Wall Street Poised to Spend $1 Billion on Blockchain in 2016

“For a new technology that has yet to be rolled out on a large scale, banks are prepared to throw plenty of cash at Blockchain.

According to research from Greenwich Associates, financial service firms and technology providers around the world will spend more than $1 billion in 2016 in the race to bring blockchain to capital markets.

In its latest research of distributed ledger technology, Greenwich Associates assesses the current state of blockchain adoption across banks, brokers, asset managers, exchanges and technology companies. In March and April 2016 Greenwich Associates interviewed 134 market participants working on blockchain technology. The results of are presented in its new Greenwich Report, Blockchain Adoption in Capital Markets.”

Full Article at TraderMagazine