An unexpected Union: the blockchain will help banks save a lot of money
Source: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 .
thethe 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.
deployments to save more than $27bn annually by 2030, with cost reductions not just in processing and reconciliation, but in treasury operations and compliance.
Read more in our press release:
— Juniper Research (@juniperresearch)
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 .
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