Blockchain Significantly Influencing the Short-Term Outlook for Financial Services

Former CIO and Group Managing Director at UBS, Oliver Bussmann, provides his insight on financial services technology and why blockchain matters in a CXOTALK interview; Oliver Bussmann was involved in the early discovery of blockchain and says one of its greatest advantages is transaction speed specifically in securities settlement where it can reduce settlement times from two to three days to seconds; Bussmann also says blockchain will be influential for insurance, trade finance, payments and the internet of things; overall he thinks regulation, consumer preferences and new technology are important factors changing the landscape and outlook for the financial services industry in the near term.  Source