Broadridge Financial Solutions Survey – Blockchain Progress in Financial Services

Announcements, Blockchain, News | February 2, 2022 By:

Financial institutions made considerable progress in blockchain implementation in 2021, according to new research from Broadridge Financial Solution. The report surveyed 750 financial service firms that evaluated their progress in key areas of digital transformation and implementation of next-gen technologies such as blockchain.

A few notable findings on blockchain include:

  • Financial firms stating that they are in mid or advanced level of Blockchain implementation more than doubled in the past year (15% last year to 37% now)
    • 69% of firms expect to reach this point in the next 1-2 years
  • Out of all respondents, universal banks/full service financial institutions are among the most sophisticated users of blockchain among financial institutions – 57% of these firms say they’ve reached mid or advanced levels of implementation.

Click here to read the full research.