An unexpected Union: the blockchain will help banks save a lot of money

Date:

2018-08-10 00:00:07

Views:

354

Rating:

1Like 0Dislike

Share:

The Company Juniper Research has published details of its research of the impact of the blockchain on the banking system. It turns out that technology can seriously help banks. Use decentralized block chain should save agencies approximately $ 27 billion by 2030. About it writes .

the

the Use of the blockchain in financial accounting

International money transaction will be 11 percent cheaper if they are transferred on the blockchain. The study also found several useful applications in other fields. Using the blockchain you can halve the cost of suppression schemes for money laundering.

However, for full integration of technology into the banking system will take time. A tangible effect of the savings will be achieved by 2024.

In Addition to Finance, the blockchain can also be used in light industry, export of goods, and sphere structures. According to Juniper Research, the technology will enable to halve financial losses in all these industries.

Five of the most successful applications of blockchain, the company has published in his . The data is divided into several regions of the world with the individual characteristics of development.

What is the use of the blockchain will be the most promising? Guesses and versions are divided .

Recommended

Where the potential growth niche cryptocurrency? Reply Tom Lee

Known in the cryptocurrency community for its forecasts prices co-founder of Fundstrat Tom Lee called for the transmission of CNBC Crypto Trader. Along with leading a Ranom Namerom he discussed the issue of the predictions of the courses, and even to...

Binance runs from regulators, but in the end will lose. Report MIT

the world's Largest crypto currency exchange is playing a dangerous game with the regulators. She continues to work as if the market is still bullish, that is, including increasing the capitalization at the expense of ICO. The experts at MIT believe ...

Fasten your seat belts: soon Bitcoin will jump to $ 5,500

smell that? Hopes for growth among the majority of traders are slowly returning. Yeah, still not broke up, however, this event can already happen in the very near future. Analyst under the name GalaxyBTC argues that the main cryptocurrency will cross...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

VIVO. Characteristics of the coins, setting masternode on Windows and its profitability

Masternode slowly taking over the world. Especially the theme started to gain momentum after the statement Vitalik Buterin on their cost reduction in the network of Ethereum. The launch will cost , not 1500 ETH. One of the most po...

Mountain of money: Bitmain rating increased by $ 3 billion during the pre-IPO

In late June, the world's largest manufacturer of equipment for mining and the owner of AntPool pool on the production of 42 percent of all Bitcoin blocks during the week. The company also is nearing 51% Hasrat network that seriou...