Results of a survey commissioned by global digital, business consulting and technology services provider Synechron suggest financial services executives overwhelmingly (89 per cent) believe blockchain will be in use within the next decade.
While banks vary greatly in their current embrace of the technology, the results suggest most are weighing how to best employ the blockchain within their current resource and business frameworks, Synechron said in a release.
Executives believe blockchain is on its way:
94 per cent of respondents believe boards have bought into blockchain.
87 per cent believe they have sufficient resources.
67.4 per cent of companies are actively engaging in blockchain initiatives.
Most institutional involvement is in its early stages, however: