Boston Consulting Group Report: Blockchain Technology is More Subversive for Intermediary Financial Institutions

According to the reference news network, the latest report released by the Boston Consulting Group (BCG) "Financial + Blockchain: Going Out" pointed out that blockchain technology has multi-participation, complex transactions, sensitive information transmission, and high transparency to supervision. The unique value, in the application of the financial industry, has different subversive capabilities for different financial institutions. Blockchain technology is more disruptive for intermediary financial institutions, and chain-oriented and point-like optimization for product-providing financial institutions. In terms of subversion, from strong to weak, it is payment, banking, securities, and insurance.