As the digitization of financial transactions becomes ever more mainstream, with Bitcoin’s core technology blockchain leading the way, the rapid adaptation raises security concerns at the same time its enhanced efficiency is being exploited. A recent Greenwich Associates survey highlights the conundrum but also points to solutions.
Greenwich Associates survey shows movement to create common industry standard
In a survey of financial services executives using distributed ledger technology that operates behind blockchain, 61% support the method at a time when industry executives are voicing a need for technical consistency.
“Consistency and security across all technical platforms in financial services is a challenge that the industry must overcome,” Gabriele Columbro, Executive Director at the Symphony Software Foundation told ValueWalk.
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