Back

From concept to reality: How blockchain will reshape the financial services industry

Blockchain is a young technology, first conceptualised in 2008. The financial industry has been among the first industries to seize upon the efficiency savings that its distributed ledger technology could deliver, and for good reason: Using distributed-ledger technology could help financial services providers lower the worldwide cost of cross-border payments, securities trading and compliance by $15-20 billion per year by 2022, according to Spanish banking giant Santander.

Read the full report by the Department of International Trade here.