Blockchain take-up will accelerate as costs mount

2017 could be a year of a major crisis if market structure issues conspire with volatile markets

Morgan McDonnell at RBC Dexia
Morgan McDonnell: "I expect costs will go through the floor once new technology replaces the old systems"

In 2017, buy-side market participants will be increasingly willing to look at blockchain and distributed-ledger technology alternatives for the legacy infrastructure they currently have, instead of continuing to invest in it as they have done in the past.

"There are severe challenges with legacy infrastructure on the buy side, and on the bank side, CIOs are finding it very difficult to replace systems," says Morgan McDonnell, chief operating officer at Abacas.

Abacas allows asset managers to

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