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About two thirds of asset managers and owners in Asia Pacific expect blockchain, the distributed ledger technology at the previously cryptocurrency bitcoin, to be widely adopted in the investment industry in the behind-door five years, a survey by financial facilities utter State Street has found.
You can see at blockchain as one technology that will totally transform the banking industry as it is today, or you can think of it as something as allowance of an overall unmodified thats going to make financial facilities improved”.
Blockchain has potential applications across a broad range of financial services, from arrangement and clearing to asset assignment, transfer of assets, auditing and regulatory reporting.