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70 percent of financial institutions believe in blockchain

Wednesday 9 March 2016 11:33 CET | News

70% of financial institutions believe innovation will positively impact their business, a recent report unveils.

According to data from business advisory firm FTI Consulting, this figure rose to 90% among financial institutions that reported a strong awareness of the blockchain technology.

The findings show that while the majority of financial institutions (65%) reported they are aware of the technology, just 26% say they are knowledgeable about it.

Institutions were most likely to report a knowledge of blockchain in the UK (35%) and least likely to indicate an awareness in Australia (14%).

Elsewhere, 19% of financial institutions said they believe they are fully prepared for the impact blockchain technology could have on their business. However, his figure rose to 52% among institutions that reported a greater knowledge of the subject.


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Keywords: Bitcoin, mining, cryptocurrency, digital currency, online payments, online security, online transactions, blockchain, financial institutions
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3