Blockchain technology has found uses across industries, but has the most impact in banking and remittance space. Blockchain technology, better known as the underlying infrastructure of bitcoin, was first implemented in 2009. The subsequent years witnessed a rise in digital currencies, grabbing the attention of financial institutions. A number of use cases for financial services have been explored for the technology, and research in the field continues to date.
The report provides an overview of the technology, and explores its role in the financial services industry, the status quo by region, state of the ecosystem, key solution providers and their offerings. The report also includes case studies of successful implementations, Blockchain expert views and interviews, and future outlook of Blockchain in banking.