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Seven Trends at the Frontier of Blockchain Banking
Report

Seven Trends at the Frontier of Blockchain Banking

Bernhard Kronfellner, Jessica Horn, Hugo Uvegi, Zubin Mogul, Kaj Burchardi, Tim Jennison, Christian N. Schmid and Stefan Bochtler
Boston Consulting Group, 2021
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Editorial Rating

7

Qualities

  • Overview
  • Concrete Examples
  • For Experts

Recommendation

The banking industry is realizing the potential value of blockchain-based technologies in its operations in a variety of ways. In this expert overview, professionals at the Boston Consulting Group identify seven unique aspects of blockchain banking that are likely to unfold in the coming years. Financial services executives and corporate leaders will find this a useful assessment of the intersection of banking and blockchain.

Summary

Blockchain technology is bringing enormous changes to financial services.

Innovative entrepreneurs are continuing to define a wide scope of commercial applications for blockchain, the digital ledger technology (DLT) best known for its use with cryptocurrencies. Enthusiasts tout the blockchain’s features, such as anonymity and accountability without the involvement of intermediaries or central control, as “transformational for the financial services industry…during the next ten years.”

Cryptocurrencies are already altering the investment segment and catching the attention of regulators.

Seven applications of distributed ledger technology could redefine banks’ offerings and operations.

Some banking analysts...

About the Authors

Bernhard Kronfellner et al. are professionals at the Boston Consulting Group.

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