According to a report published by Santander InnoVentures last year, the technology could cut bank infrastructure costs for cross-border payments, securities trading and regulatory compliance by $15 billion to $20 billion a year by 2022.

But blockchain also has the potential to become a general-purpose technology—a breakthrough, like the steam engine, electricity or the Internet, that changes how society and the economy work.

The World Economic Forum has predicted that, by 2027, 10 percent of global GDP is likely to be stored on blockchain platforms.


Read the whole article at here: An Executive’s Guide to Blockchain – Accenture Outlook