ACCENTURE REPORT: THE (R)EVOLUTION OF MONEY: BLOCKCHAIN EMPOWERED CRYPTOCURRENCIES
by Accenture Consulting
Accenture Consulting recently published a series of research reports and articles exploring the cost benefits of blockchain in financial institutions and its inevitability in transforming transactions.
One report points to the role of central banks and other influential financial institutions in paving the way for consumer adoption of cryptocurrency exchanges and digital wallets.
In another report, Accenture and McLagan, a business unit of Aon plc, predict that eight of the world’s 10 largest investment banks could save roughly 30% or more in middle and back office operations costs through a full-scale blockchain adoption.
In one of the two articles, Accenture discusses how blockchain could shorten settlement times, optimizing delivery and payments, in addition to cutting 70% of central finance reporting costs and 50% of compliance costs.
The series is an informative look at how blockchain will transform the financial industry's data-sharing processes.
Take a look at Accenture's research findings
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