Report: Blockchain deployments to save banks over $27B annually by 2030

posted 10 months ago
A study conducted by market intelligence firm Juniper Research indicates that by deploying blockchain technology, financial institutions stand to generate savings amounting to over $27 billion on cross-border settlement transactions by 2030. On the basis of on-chain transactions, the costs will be reduced by over 11%.

The report titled "The Future of Blockchain: Key Vertical Opportunities & Deployment Strategies 2018-2030" reports banks that integrate blockchain will achieve cost reductions not just in payment processing and reconciliation, but in treasury operations and compliance. Also, the new research identified potential savings for consumers and enterprises across a range of industries, from reduced fees for home buyers to reduced costs in the food export trade.
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