Blockchain is Everywhere
By Nvest Campus on ALTCOIN MAGAZINE
“Everyone is discussing about blockchain, and no one wants to be left behind,”
Around 77% of the financial services industry will adopt blockchain for a few elements of their operation by 2020.
Indian banks have demonstrated a tendency in incorporating blockchain for payments and reconciliation
In fintech, blockchain discovers application in areas like digital ID, client authentication, insurance and more
Blockchain is one technology which is said to acquire in a revolution on par with the birth of the internet. What began as a decentralizing currency and resources are currently disrupting each mainstream industry. Whether its fintech, healthcare, pharmaceuticals, insurance, digital security, enterprise SaaS — blockchain is everywhere today.
Even the normal BFSI stakeholders like the large retail banks are sending blockchain solutions for the robustness this technology brings to age-old systems when integrated in the right way.
According to a survey on the financial services sector and fintech directed by PWC, around 77% of the financial services industry plan on adopting blockchain by 2020. Banks comprising a third of the institutions surveyed have indicated a tendency in incorporating blockchain in their operations as was accounted by a study published by Accenture and McLagan (January 2017)
People who haven’t grown listening regarding this technology are currently aspiring to work on this new technology. … The way to a career in Blockchain is, obviously, new as well as innovative however it’s a bright future for sure.
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