Deloitte
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There are new and emerging opportunities for organisations in all sectors to create and deliver compelling services for their customers using the power of disruptive innovation. As organisations formulate their plans for the coming months, this paper aims to help business and public sector leaders understand the cultural and organisational challenges that are inevitably brought by the use of blockchain technologies, and provides them with the insights they need to overcome them.
Bitcoin has captured the imagination of consumers and businesses around the world as a major breakthrough in how value is exchanged. The Bitcoin âblockchainâ is a fundamental breakthrough in computer science that solves what seemed to be an unsolvable problem: how to ensure that a digital transaction happens only once. Yet there is a critical question that is hanging over Bitcoin, potentially slowing the pace of innovation, and adoption i.e., how will Bitcoin be regulatedâ?
Payments are a key revenue stream for European banks. Deloitte estimates that retail payments will account for â¬128 billion in revenues in 2015, or around a quarter of total European retail banking revenues.
Blockchain technology has the potential to upend entire industries. Especially the financial sector may undergo disruptive change. Although this technology caught the attention of many of the largest financial institutions, use cases still remain in the experimental phase. This whitepaper lays out the benefits of the blockchain technology for specific use-cases in accounting across industries.
The outlook, produced by the Deloitte Center for Financial Services, provides an analysis of industry priorities and anticipated trends based on interviews with our leading banking practitioners to predict what's coming in 2015.
Mainstream perception of Bitcoin, much like the cryptocurrency itself, has been volatile. Aside from this volatility and other challenges around regulatory oversight and security concerns, there are clear benefits, particularly for payments. What will it take to get Bitcoin into mainstream adoption? What might the future of cryptocurrencies mean for traditional financial services?
