UBS CEO BELIEVES BLOCKCHAIN IS THE SOLUTION OF BANKING WOES
When asked about blockchain technology in an interview with finder on JUNE 19,2018 Emotti replied affirmartively "Its almost a must.The freeing up of resourses to become more efficient will come through technology and blockchain is great(of reducing costs).
Ermotti's statement comes at a time when banks such as UBS are suffering from smaller margins and incleared regulatory pressure.A boost to efficiency and market advantage-both of which are offered by blockchain -may go a long way to set the bank apart from others in the running.
He went on to state that he envisions distributed ledger technology will gradually overhoul the banking industry over the next decade or so.In the past few years, critics of cryptocurrency have similarly argued that blockchain technology is few more likely to survive than any decentralised economy offered bu bitcoin and other alternatives.
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In the past few years, critics of cryptocurrency have similarly argued that blockchain technology is few more likely to survive than any decentralised economy offered bu bitcoin and other alternatives....🔥🔥🔥🔥🔥🔥
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Despite the fact that the UBS Group CEO is exhibiting the inspirational state of mind towards the blockchain innovation, it doesn't imply that we are going to confront huge changes tomorrow. Ermotti was fairly sensible in his assessment without bounds of blockchain. He said that the blockchain-based cost change would take from five to ten years. That may not be the period the crypto network expects, but rather that isn't too yearn for such a stable and bureaucratized circle as money related administrations.