According to an article by Bitcoin magazine, several Blockchain startups are mushrooming in various niches of the investment banking space and challenging the hegemony of the bulge bracket Wall Street giants. Blockchain, as savvy readers of Finantrix know, is the underlying framework for cryptocurrencies offering a distributed ledger.
In the article, Thomas Levene states: “Accenture has estimated that some major investment banks could make a whopping $10 billion in efficiency savings by utilizing blockchain technology,”