Accenture claims banks can save billions with blockchain

Stefan Mileschin · 20th January 2017, 09:50

Don't be confused by the rocks that its got

A new report claims that that blockchain technology could reduce infrastructure costs by an average of 30 percent for eight of the world’s ten biggest banks.

Beancounters at Accenture and their chums at the financial services consulting firm McLagan have added up some numbers and divided by their shoe size and worked out that these savings could mean $8-12 billion each year.

According to the report, which has the catchy title “Banking on Blockchain: A Value Analysis for Investment Banks” the technology could solve a lot of the financial industry’s problems.

http://fudzilla.com/news/42649-accen...ith-blockchain

20th January 2017, 09:50	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,514	Accenture claims banks can save billions with blockchain Don't be confused by the rocks that its got A new report claims that that blockchain technology could reduce infrastructure costs by an average of 30 percent for eight of the world’s ten biggest banks. Beancounters at Accenture and their chums at the financial services consulting firm McLagan have added up some numbers and divided by their shoe size and worked out that these savings could mean $8-12 billion each year. According to the report, which has the catchy title “Banking on Blockchain: A Value Analysis for Investment Banks” the technology could solve a lot of the financial industry’s problems. http://fudzilla.com/news/42649-accen...ith-blockchain

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Blockchain has zero chance claims Xero bloke	Stefan Mileschin	WebNews	0	31st October 2016 06:20
Blockchain gets its first test with international trade	Stefan Mileschin	WebNews	0	26th October 2016 06:39
Accenture tinkers with blockchain	Stefan Mileschin	WebNews	0	26th September 2016 07:10
Banks moving to blockchain technology	Stefan Mileschin	WebNews	0	12th August 2016 09:25
Android man could save the banks with his blockchain	Stefan Mileschin	WebNews	0	15th July 2016 08:44
Google made billions from Android	Stefan Mileschin	WebNews	0	23rd January 2016 15:23
Big tech to lose billions from US spying	Stefan Mileschin	WebNews	0	2nd October 2013 07:40
Intel claims to save cash on BYOD	Stefan Mileschin	WebNews	0	8th March 2013 07:58
US wastes billions on rubbish IT	jmke	WebNews	0	1st August 2008 15:19
Hardware geeks worth billions	jmke	WebNews	2	4th February 2005 18:03