Blockchain experts believe the first mainstream implementations are between two and 10 years away
Blockchain and the business case for
distributed ledger technology are likely to remain key themes
in the coming year. Over the course of 2016, dozens of
projects, start-ups and collaborations were launched and the
potential of the distributed ledger was hotly
According to various estimates, mainstream
implementation of the technology is between two and 10 years
away. Experts nonetheless expect 2017 to be a year of progress
for the blockchain in financial services.
"In 2017, we expect to see further
progress, as the technology continues to mature, and as some of
those concepts move forward to address real business
opportunities. The Linux Foundation’s Hyperledger
Project is also progressing with multiple open source-based
initiatives, including significant contributions from many
vendors and financial industry firms illustrating the benefit
of the group's open source collaborative approach," said Rob
Palatnick, managing director and chief technology architect at
post-trade firm the Depository Trust & Clearing Corporation
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