Blockchain in the banking and financial services market is booming

This press release was originally distributed by SBWire

NJ New Jersey, USA — (SBWIRE) – 01/17/2023 – The latest release on the Global Blockchain in Banking and Financial Services Market provides a comprehensive data ecosystem with a 360-degree view of customer activity, segment-based analytics and data to explore the possibilities of blockchain development in banking and financial services to drive marketplace and future outlook to 2028. It includes integrated insights from surveys conducted with executives and experts from leading institutions in different countries. Some of the companies featured in the report are Microsoft Corporation (US), Intel Corporation (US), IBM Corporation (US), R3 (US), ConsenSys (US), SAP (Germany) and Oracle Corporation (US), Akamai Technologies, Inc (US), Accenture plc (Ireland), Amazon Web Services, Inc. (US), JPMorgan Chase & Co. (US).

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Scope of the report on blockchain in banking and financial services
Blockchain technology represents a next-generation shift from current technology and has the potential to transform the banking and financial services industry in a number of ways. It enables banks and corporations to conduct cross-border money transfers, enabling real-time settlement and reducing costs by optimizing liquidity and eliminating reconciliation. Recently, online payments have gained tremendous traction and approaches are outdated, opening up a new world of possibilities. In addition, this network creates the means for transactions and enables the transfer of value and information. Increased levels of security, authentication, ease of transactions, and transparency are fueling the growth of blockchain in the banking and financial services market worldwide.

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