In the capital market, the anticipated revolutionary impact of blockchain technology has yet to materialize, as of today. Stefan Risse, a capital market strategist at Acatis Investment, points out several reasons for this slow adoption. (Source: PwC, Capgemini)
Risse argues that blockchain addresses problems already solved by existing solutions, offering limited added value. The financial system's inertia and the lack of interest from established institutions also hinder its adoption. Regulatory challenges, including concerns about money laundering, further complicate the situation. (Source: PwC, Capgemini)
Practical applications of blockchain outside the cryptocurrency sector are limited. Despite these challenges, a PwC study projects that blockchain could boost the global economy by $1.76 trillion by 2030, particularly in product and service tracking. Capgemini anticipates the technology will mature across various industries by 2025, especially in global supply chains. (Source: PwC, Capgemini)