Last month, management consulting giant Accenture and McLagan, an operations benchmarking research firm, published the report Banking on Blockchain: A Value Analysis for Investment Banks.
The core conclusion of this report: blockchain promises cost savings for banks so dramatic, it will disrupt many lines of business and core banking functions, including assets liability management, regulatory compliance, cross-product processing, and trade execution.
In fact, the report touts cost savings of 70% or more in these areas, with savings of over 50% for the entire finance function, as well as liquidity risk, complex finance, and other areas.
Always the skeptic, I decided to follow the maxim if it sounds too good to be true, it probably is. Does the argument in the Accenture/McLagan report hold water? Or is it just another example of the fragile hyperbole so common in the blockchain world today?
Read the entire article at https://www.forbes.com/sites/jasonbloomberg/2018/02/24/dont-let-blockchain-cost-savings-hype-fool-you/.
Intellyx publishes the Agile Digital Transformation Roadmap poster, advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories. As of the time of writing, CA Technologies and IBM are Intellyx customers. None of the other organizations mentioned in this article are Intellyx customers. Image credit: woodleywonderworks.
