We see three constant trends related to blockchain that will shape its development.
1) Incumbents focus on protecting their intellectual property as they explore new collaborative opportunities with customers, suppliers, and competitors
2) Large financial institutions will need strategic plans to set parameters for technology risk taking
3) Market participants will start to develop the processes that surround the transactional layer
In our view, blockchain may result in a radically different competitive future in the financial services industry, where current profit pools are disrupted and redistributed towards the owners of new highly efficient blockchain platforms.
Strategy& Partner, PwC US
Tel: +1 (312) 404 3792