Blockchain adoption by banks at least six years away
Banks are holding back due to regulatory uncertainty and lack of in-house expertise, research by Six Securities Services finds
The widespread adoption of blockchain in financial services could take at least six years, despite three-quarters of major banks having experimented with distributed ledger technology, according to a survey by Six Securities Services.
Banks, while testing potential applications, cited regulatory uncertainty and a lack of in-house expertise as the two biggest obstacles to broad adoption of the technology, which could save global lenders up to $20 billion by 2022.
Regulation emerged as the primary
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