Financiers are spending billions on the study and implementation of blockchain technology

As the company's financial services relate to blockchain technology? It turns out that very, very seriously: according to research company Greenwich Associates, the financial services industry spends about $1.7 billion on the technology of distributed registries (DLT), the underlying digital currencies. The Greenwich report says that banks and other companies went beyond the evidence-based concept and moved on to the commercial use of this technology.

The study States that in 2017 the cost sector in the blockchain grew by 67%, and every tenth Bank or the company spent more than $10 million Number of employees employed in the blockchain projects has doubled.

Although DLT products in recent years have become a priority for financial firms, many of them have not yet been able to accelerate the pace of their implementation.

According to the Vice-President of one of the units Greenwich Associates Richard Johnson, for many companies, the introduction of technology DLT was harder than they expected. He also said that more than 75% of the projects under development will be launched in the next two years.

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