Key questions: Blockchain

The report addresses the following key questions about the global market:

     What are the key uses of blockchain technology that have been identified and what are the benefits associated with them?
     Which asset classes is blockchain technology likely to disrupt and how?
     Which segment of the financial services industry will benefit the most from a gradual movement to the technology?
     What phase of development are various use cases of blockchain currently in and by when are they expected to be
implemented?
     Which segment will witness the earliest implementation and why?
     Which factors will be driving the adoption of the technology through the forecast period?
     What factors are expected to impede the adoption of the technology?
     Which consortiums are actively participating to endorse the use of blockchain technology?
     Which governments are exploring, supporting and promoting the use of blockchain technology and how?
     Who are the key technology providers in the market for different use cases and what are their business models?
     What is the most prominent strategy such as Mergers and Acquisitions, Partnerships, and Product Launch among financial
institutions for leveraging the technology?

The "Blockchain Technology in Financial Services Market - Analysis and Forecast: 2017 to 2026 (Focus on Opportunity and Use Case
Analysis)" report has been added to Research and Markets' offering.
More than 40 use cases of blockchain in financial services are being explored including optimizing KYC process, trade finance solutions,
asset servicing, claim management in insurance, and post trade solutions in capital markets. Leading financial institutions and banks
including Citibank, J.P. Morgan, Goldman Sachs and Barclays among others have all the efforts and investments to drive the futuristic
technology. The growing demand for the technology has led to the emergence of a multitude of start-ups in this space, offering enterprise
solutions spanning across processes.
Some companies have invested heavily and are proactively pushing the exploration of the technology through either isolated internal
experiments or in partnerships with technology providers or in groups relying on industry consortiums. However, despite the build-up
regarding the transformative potential of blockchain, more than 40% financials remain skeptical about the practical implementation and
viability of the technology and have adopted a wait and see' approach for the near future. As and when it happens, the uptake of the
technology could save the BFSI industry billions in infrastructure costs, IT costs, operations costs, support function costs and personnel
costs. One of the biggest beneficiaries of the technology will be the trade finance segment which could yield savings by eliminating
middlemen and automating process ranging from tracking products through the supply chain to exchange of documents and final payments
releases.
Movement to blockchain based solutions will require large investments and efforts including annihilation of current infrastructure, which might
make institutions hesitate from changing from legacy systems and processes. Moreover, the information placed on ledgers is being stove
piped due to development of multiple blockchain, all with different standards within industries. This is leading to failure to harness network
efficiencies and defeating the purpose of distributed ledgers.
Companies Mentioned

 Accenture PLC
 Algorythmix
 AlphaPoint
 Alt-Options LLC
 Bank of America
 Bitbond
 Bsave
 Circle Internet Financial Inc.
 Citigroup
 Clearmatics
 Coinbase
 ConsenSys
 Digital Asset Holdings, LLC
 Digital Currency Group
 Earthport
 EquiChain
 Everledger
 IBM Corporation
 Infosys Limited
 Kraken Digital Asset Exchange
 Microsoft Corporation
 R3CEV
 Ripple
  Safello
 ShoCard
 Tallysticks

Key Topics Covered:

Executive Summary

1 Research Scope and Methodology

2 Industry Analysis

3 Market Dynamics

4 Competitive Insights

5 Blockchain Application in Financial Services

6 Company Profiles