Blockchain in financial services: Where are we now?
What is the current rate of adoption of blockchain in financial services, and what does the immediate future hold for the use of the technology? Maven Wave's Andrew Dunmore examines the progress of some real-world projects to understand the advancement of blockchain in financial services.
A lot has transpired since we last covered the topic of blockchain in financial services in May 2017. At that time, the price of bitcoin (BTC) had yet to rise above $2,000 and the concept of an ICO (initial coin offering) was just emerging in the eyes of the public. Since then, BTC topped $19,000 in December and has recently traded around $8,000, while ICOs raised $5.6 billion in 2017 and, according to PwC, more than $13 billion so far in 2018.
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