Finding the potential in blockchain

According to a recent Gartner study, banking industry innovators are increasingly interested in how blockchain can help them save money on operations and processes, conducting far more proof-of-concept development than any other industry. "Community banks are still in the process of educating t...

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Bibliographic Details
Published in:Independent Banker 2019-11, Vol.69 (11), p.24-25
Main Author: Hoffman, Karen Epper
Format: Article
Language:English
Subjects:
Banking industry
Banks
Blockchain
Chief information officers
Cybersecurity
Digital currencies
Distributed ledger
Online Access:Get full text
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Summary:According to a recent Gartner study, banking industry innovators are increasingly interested in how blockchain can help them save money on operations and processes, conducting far more proof-of-concept development than any other industry. "Community banks are still in the process of educating themselves on blockchain," says Kathy Strasser, executive vice president and chief operating officer of $ 1.4 billion-asset IncredibleBank in Wausau, Wis. Quick stat 18% of chief information officers in banking and investment services say they have adopted or will adopt some form of blockchain tech within the next year Source: Gartner "Top-of-mind issues for our bank are fraud and cybersecurity.
ISSN:0019-3674