Blockchain is potentially the next big technology to impact the financial services sector – but just how disruptive will it be?
While it’s still too early to tell, the early signs indicate that the blockchain impact could be earth-shattering for the sector.
In short, blockchain doesn’t just support internal efficiency efforts, but also empowers firms to create new service models and expand operations to new customers.
Some experts believe blockchain could have a similar impact to the internet, when it comes to driving innovation in financial services.
Organizations need to begin preparing for the sweeping potential impact of blockchain. Getting better at managing and using data is imperative here. Analytics solutions, in particular, empower firms to take on the digital transformation that blockchain is bringing.