Blockchain adoption by banks could save $40 billion per year

Blockchain adoption by banks could save $40 billion per year

The “Blockchain Technology in Financial Services Market (2017-2026)” report published by the BIS highlighted that the blockchain adoption in the financial sector leads to a reduction in operating costs and improve efficiency. The report was prepared by Gaurav Gaggar and Tushar Agarwal. Blockchain adoption is expected to result in $40 billion in savings per year.

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