Blockchain in Traditional Finance Could Save Industry Participants $120 Billion Annually, Study Finds
According to a study by the Global Financial Markets Association (GFMA), the use of blockchain in the traditional financial industry could save industry participants up to $120 billion a year. The report, which also involved specialists from Boston Consulting Group, asks ...
Benefits and Risks of Blockchain for Municipalities According to Moody’s
According to analysts from Moody's rating agency, implementation of blockchain technology can bring a multitude of benefits for local authorities, including the ability to issue bonds and streamline budget operations. These benefits may even result in cost reductions of up to 35% for US municipal ...
UK Financial Conduct Authority Discusses Asset Management Improvements Through Tokenization
The Financial Conduct Authority (FCA) in the UK has recently released a discussion paper which outlines several ways to enhance asset management, including the use of tokenization. According to the regulatory body, digital tokens and blockchain technology can provide new opportunities for fund pa ...