The report points to four successive "waves of deployment" for blockchain technology that can affect the asset-management industry (emphasis ours): "We expect the first two waves to be focused on sharing and using data, before expanding to critical infrastructure once confidence in distributed ledger technology grows. Big asset-management companies are being too slow to research the potential benefits of blockchain, according to a joint report by JP Morgan and Oliver Wyman. The report, which was released on Monday, said that while many firms have been working with blockchain for some time, they were still not ready to fully embrace it. The report urges firms to get involved now and gain a competitive advantage from developing solutions that work for them.
Big asset-management companies are being too slow to research the potential benefits of blockchain, according to a joint report by JP Morgan and Oliver Wyman. The report, which was released on Monday, said that while many firms have been working with blockchain for some time, they were still not ready to fully embrace it. The report urges firms to get involved now and gain a competitive advantage from developing solutions that work for them.