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January 17, 2017

Blockchain Technology Could Reduce Investment Banks’ Infrastructure Costs by 30 Percent, According to Accenture Report

NEW YORK; Jan. 17, 2017 – Blockchain technology could reduce infrastructure costs for eight of the world’s 10 largest investment banks by an average of 30 percent, translating to $8 billion to $12 billion in annual cost savings for those banks, according to a new report by Accenture (NYSE: ACN) and McLagan which is part of Aon Hewitt, a business unit of Aon plc (NYSE: AON).