Oliver Wyman report on blockchain adoption in capital markets – Business Insider what is bitcoin trading

Get

Ready for slow adoption. Flickr/slowgin

Blockchain database technology, which underpins digital

Cryptocurrencies such as bitcoin, has got finance industry

Executives very excited.

But they may have to cool their jets according to consultant

Oliver wyman and post-trade service provider euroclear.

The companies jointly released a report on

Blockchain, declaring that it is likely to take more

Than ten years to overhaul core parts of the system in capital

Markets where stocks and bonds are traded.

Blockchain technology allows institutions to directly trade and

Transact with each other securely, without having to work through

A middle-man or record keeper. It has the potential to hugely

Reduce costs and speed up activity.

Investment banks are going gaga for the technology,

With 42 signing up for an industry-wide consortium looking at the

what is bitcoin trading

Technology and

Goldman sachs declaring that it has the potential to change

Well, everything.

The pair think that while challenger disruptors will start to

Develop workable blockchain solutions within the next two years,

It will take collaboration between banks to truly change the

System and that is a much slower process. On top of that, the

Systems that need overhauling are simply massive — it’s a big

Job.

Here’s a visualisation of how oliver wyman and euroclear see

Adoption going: oliver wyman/euroclear

You could make a case for saying that euroclear has a vested

Interest in saying the blockchain will be a slow burner — the

Post-trade services it supplies are precisely the type of costs

That blockchain could cut. But most in the banking industry that

I’ve spoken to say five years

Is the most optimistic timeline for industry adoption.What is bitcoin trading

The report also includes the below handy chart that sums up all

The main potential use cases for blockchain technology within

Financial services: oliver wyman/euroclear

And the report also includes this helpful table summing up the

Potential benefits of blockchain technology in capital markets at

Each stage of the trading and holding timeline: oliver wyman/euroclear

Get the latest bitcoin price here.>>

Get

Ready for slow adoption. Flickr/slowgin

Blockchain database technology, which underpins digital

Cryptocurrencies such as bitcoin, has got finance industry

Executives very excited.

But they may have to cool their jets according to consultant

Oliver wyman and post-trade service provider euroclear.

The companies jointly released a report on

Blockchain, declaring that it is likely to take more

Than ten years to overhaul core parts of the system in capital

what is bitcoin trading

Markets where stocks and bonds are traded.

Blockchain technology allows institutions to directly trade and

Transact with each other securely, without having to work through

A middle-man or record keeper. It has the potential to hugely

Reduce costs and speed up activity.

Investment banks are going gaga for the technology,

With 42 signing up for an industry-wide consortium looking at the

Technology and

Goldman sachs declaring that it has the potential to change

Well, everything.

The pair think that while challenger disruptors will start to

Develop workable blockchain solutions within the next two years,

It will take collaboration between banks to truly change the

System and that is a much slower process. On top of that, the

Systems that need overhauling are simply massive — it’s a big

Job.

Here’s a visualisation of how oliver wyman and euroclear see

what is bitcoin trading

Adoption going: oliver wyman/euroclear

You could make a case for saying that euroclear has a vested

Interest in saying the blockchain will be a slow burner — the

Post-trade services it supplies are precisely the type of costs

That blockchain could cut. But most in the banking industry that

I’ve spoken to say five years

Is the most optimistic timeline for industry adoption.

The report also includes the below handy chart that sums up all

The main potential use cases for blockchain technology within

Financial services: oliver wyman/euroclear

And the report also includes this helpful table summing up the

Potential benefits of blockchain technology in capital markets at

Each stage of the trading and holding timeline: oliver wyman/euroclear

Get the latest bitcoin price here.>>