The sheer range of applications has attracted
FinTech providers and legacy firms who
hope to develop solutions both narrow and
broad. In the next three to five years, we
see transaction volumes and the associated
profit pools shifting from intermediaries
toward the owners of new highly efficient
blockchain platforms. These transactions
could include transferring digital or physical
assets, protecting intellectual property,
and verifying the chain of custody. In an
era of cyber-crime and stringent regulatory
requirements, a highly fraud-resistant
system for protecting and authenticating
almost any kind of transaction could have
a revolutionary impact on the financial
services industry.