“In effect, 2017 looks to be the year banking on Blockchains shifts from zero to sixty. Firstmover advantages for this group include the ability to influence and set the business standards by which others will operate”. Banks and financial institutions are also becoming significantly more active in various conferences and events established for the enhancement and development of Blockchain networks.
IBM’s recently released report suggests the Blockchain technology will be implemented by 15% of big banks by as early as 2017. The American tech giant recently announced the development of its independent Blockchain networks capable of operating on smart contracts utilized by the world’s leading financial institutions and businesses.
Click here to read more