Wall Street is convinced that blockchain is set to radically transform the world of finance. But exactly how and when that transformation will transpire is uncertain.
Blockchain, which gained notoriety as the technology behind the cryptocurrency bitcoin, is thought to have the potential to improve numerous businesses including banking, payments, and the capital markets.
Cognizant, a US-based digital consulting firm, recently surveyed over 1,500 executives from over 570 financial services firms on their respective strategies for integrating the technology into their infrastructure.