According to a recent study conducted by Greenwich Associates, when asked whether Wall Street legal and compliance professionals will trust asset transfers that occur via a blockchain, 32% indicated that they believe this trust will definitely take shape, whereas 38% of the 55 respondents queried said they believe this trust will come about eventually.
13% of respondents said that more regulation is needed before such an outcome is possible, while 11% said Wall Street will never trust this application of the technology. 7% of respondents remained undecided.
On the question of whether the blockchain can thrive without Bitcoin, 73% of the 55 respondents asked this question said they believe it can.
Other findings focused on whether alternative technologies, rather than the Bitcoin blockchain, can be effectively deployed to create a distributed ledger.
33% of the 54 respondents said that they believe other, unspecified technologies can be used to make faster ledgers, whereas 28% said they do not. 39% said that they were undecided on the matter.
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