Nearly half of the members of a blockchain consortium focused on post-trade settlement see the technology achieving wider adoption over the next three to five years.
That's according to the results of a survey published today by the Post-Trade Distributed Ledger (PTDL) Group. The survey was conducted last autumn and polled its 45-strong membership.
According to the group, 48% of participants said that they see a three-to-five-year timeline for broader industry adoption. And while 29% estimate a shorter time scale (one to two years), the remaining 21% say they expect it could take five years at the very least.
When asked about the overall important of blockchain to their companies, 20% of members indicated that the tech was 'very high', with another 34% reporting that it is a "high' priority. The tech is a 'low' priority for the other 7%, according to the survey.
Jörn Tobias, a managing director for State Street, which is a party to the PTDL Group, said in a statement:
The survey also focused on potential benefits applicable to the post-trade space. Of those, operational cost saving was highlighted the most among group members, with 81% of respondents ranking it as the most beneficial.
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