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A newly released block chain report about banking was previewed on Business Insider.com.

Questions:

  1. According to Bloomberg, how much money has been poured into block chain technology, annually, as of 2018 within financial institutions?
  2. What are key difficulties or roadblocks associated with block chain application?
  3. What are the companies mentioned in the report?

Source:

Tesfaye, M. (2019). BLOCKCHAIN IN BANKING: An inside look at four banks’ early blockchain successes and failures. Business Insider, June 17 (Retrievable online at https://www.businessinsider.com/the-blockchain-in-banking-report-2019-6)

One Response to “Block Chain Report on Finance Industry”

  1. Ryan Walter

    1. $1.7 billion.
    2. Key difficulties include scaling the technology for commercial application, ongoing regulatory uncertainty, and the difficulty of bringing together competing participants.
    3. Australia and New Zealand Banking Group (ANZ), Bank of America (BofA), Citi Bank, CME Group, Fidelity Investments, HSBC, IBM, JPMorgan, Marco Polo, Mastercard, Nasdaq, PayPal, Ripple, Royal Bank of Canada (RBC), Santander, SWIFT, and Visa.

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