Embrace blockchain to drive transformation
The financial sector is being urged to embrace blockchain and distributed ledger technology to drive transformation in the $342 billion sector.
Trustees Executors chief executive Ryan Bessemer said the rapid growth and benefits of blockchain and DLT was providing a competitive edge to companies like TE.
“The blockchain and distributed ledger industry is growing rapidly. Gartner estimates that by 2021, 25% of the world’s top 2000 companies will use blockchain as the foundation to underpin fast and highly secure digital transactions.
“The global business value added by blockchain will surpass $176 billion by 2025, and $3.1 trillion by 2030. The reason for this extraordinary growth is simple: blockchain technology is helping businesses accelerate transformational change that will drive down costs and deliver major benefits to customers.
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