New Report: Blockchain Can Reduce Infrastructure Costs by 30% at Investment Banks

According to a new report by Accenture and McLagan, which is part of Aon Hewitt a business unit of Aon plc, blockchain technology could reduce infrastructure costs for eight of the world’s 10 largest investment banks by an average of 30%, translating to $8 billion to $12 billion in annual cost savings for those banks; key figures include a 70% cut on central finance reporting, a 50% cut on business and central operations, and a 50% cut on compliance.  Source