Bloomberg

Here’s What Asian Lenders Are Doing With Blockchain Technology

Here’s What Asian Lenders Are Doing With Blockchain Technology

  • October 23, 2016
  • min read

Bloomberg

Here’s What Asian Lenders Are Doing With Blockchain Technology

Blockchain promises a fundamental change to banking but its success depends on the adoption of uniform standards by banks. Between 2010 and 2015, blockchain-focused fintech firms attracted $613 million of investment globally, almost half of which came last year. Lenders will need to at least make sure their internal systems are able to adjust to this new technology when it takes off, said Thomas Olsen, a partner at Bain & Co.