Ripple recently released a report that brings together thought leaders from around the world to demonstrate the global reach of blockchain technology. Furthermore, the report highlights the importance of being able to penetrate the financial sector, which is more conservative in nature.
According to the report, 75% of respondents to a survey of global financial institutions believe that blockchain will have a significant or significant impact on business within the next five years. Leaders from Latin America and Asia Pacific led the charge, with more than 80 percent of respondents in each region expressing this sentiment.
Furthermore, given the traditionally conservative nature of the financial industry and the fact that blockchain technology is still fairly new, this is a remarkable consensus.
Much of this enthusiasm is rooted in technology’s ability to change the way we think and transfer value, efficiently, reliably and cost-effectively.