Blockchain has appeared to be in the limelight of multiple financial companies within the past year. This digital public database is redefining what is possible within the fintech ecosystem and beyond.
Don Duet states that blockchain can disrupt the existing financial system.
Only 14% of those interrogated predicted that banks can suffer from financial technology disruption.
Goldman Sachs has developed a new cryptocurrency using the blockchain technology.
Nine of the world’s major banks, such as JP Morgan, Goldman Sachs and Barclays, are expected to adopt the blockchain technology in an attempt to broaden its use in the financial services sector.