Blockchain technology is drawing strong interest in the global financial services sector for its potential to streamline processes and eliminate redundancies and speed up transactions.
Banks are curious, but most remain cautious about blockchain technology. But this year could be a pivot point for blockchain to move past proofs of concept to adoption, propelled by strong investor interest.
In an era of growing consumer distrust about data security, blockchain could even become the "cornerstone of trust," according to Eric Jing, CEO of Chinese fintech giant Ant Financial Services Group, which operates Alipay.
But many still see the tech as being three to four years away from going mainstream.