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 claims that asset managers ought to act in order to recognise the potential savings that could be possible through the use of blockchain technology. The report urges firms to get involved now and gain a competitive advantage from developing solutions that work for them.