Currency Quote by Blythe Masters
“Blockchain technology represents a generational opportunity to mutualize database infrastructure across entities within financial services. What that translates into is an enormous cost-saving, risk-reducing, and capital-enhancing opportunity.”
About This Quote
Source Conference: World Economic Forum, 2019
Blockchain can unify financial databases, cutting costs and risk while boosting capital efficiency.
In simple terms: Shared ledgers lower expenses and risk.
Key Takeaway
Adopt blockchain for finance.
Themes
finance
technology
efficiency
risk management
Mood
optimistic
strategic
Type
business
technical
When to use this quote
- banking
- insurance
- investment firms
Key Concepts
distributed ledger
economics
innovation
Questions to Reflect On
- What barriers exist for implementation?
- How can institutions prepare?
A Different Perspective
Regulatory hurdles may impede adoption.
