Blockchain technology is perceived as "critical" for the future of financial services companies, a new report by Cognizant has shown. A poll of more than 1,500 financial services executives from more than 500 companies worldwide found that 91 percent saw implementation of blockchain technology to be critical for the firm’s future. However, the report found that there is still "significant uncertainty" on how the blockchain system will develop. Essentially all respondents (98 percent) believe blockchain will save them money. Roughly 75 percent expect revenues to grow five percent after implementation. Half (46 percent) think it will help with transparency, 40 percent… [Continue Reading]
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