Institutional investors see blockchain potential, yet to commit: survey


  • TECH
  • Wednesday, 01 Jun 2016

A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. REUTERS/Benoit Tessier/File Photo

LONDON: Most investment institutions still haven't taken concrete steps to better incorporate "blockchain" technology in their operations, according to a survey from State Street and Oxford Economics.

Blockchain, or distributed ledger technology, creates a shared database in which participants can trace every transaction. Its proponents say it has the potential to shake up how financial markets operate.

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