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Research focused on the blockchain technology in financial services market forecast 2017-2022

Research focused on the blockchain technology in financial services market forecast 2017-2022

Blockchain as a technology is being gradually adopted across various facets of the financial services industry. Cost benefits, elimination of intermediaries and cost, transparency, removal of risk of unscrupulous activity, government initiatives, establishment of consortiums, and entry of leading financial institutions are some of the factors that have been driving the adoption of blockchain across the industry.

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The report is a compilation of various segments including industry analysis, market dynamics, and market breakdown by application type.

The report provides a comprehensive market analysis along with the recent trends influencing the markets.

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The report focuses on the various opportunities and use cases that financial institutions and blockchain technology providers could capitalize on and the cost benefits and value they could derive.

While highlighting the key driving and restraining forces for the widespread adoption of the technology, the report also provides a detailed study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry.

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Some companies have invested heavily and are proactively pushing the exploration of the technology through either isolated internal experiments or in partnerships with technology providers or in groups relying on industry consortiums. However, despite the build-up regarding the transformative potential of block chain, more than 40% financials remain skeptical about the practical implementation and viability of the technology and have adopted a ‘wait and see approach for the near future.

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