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WebsCrypto—News—Business News—Report: Blockchain Will Have a Major Impact on Businesses
Business News

Report: Blockchain Will Have a Major Impact on Businesses

By WebsCryptoJuly 3, 2022
Report: Blockchain Will Have a Major Impact on Businesses
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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.

Related:  New York Attorney General Takes Legal Action Against Kucoin and Classifies Ethereum as a Security
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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