Press Release - Blockchain Business Scenarios

Despite blockchain’s glamour and hype, banks should make sure corporate clients’ enthusiasm for it matches their own.

Boston, February 11, 2016 - These days, financial institutions are spending time and resources to find out how much business they can gain by adopting blockchain technology. This hype on the bank side might not correspond to similar interest from corporations. Nor it is clear whether it creates similar business opportunities for each side. Aite Group’s recent report, Blockchain Business Scenarios, investigates the gap between banks and their corporate clients, assessing to what degree blockchain technology is part of corporate practitioners’ domain expertise, and suggests four possible blockchain scenarios for business around the globe: bank-centric, bank-to-corporation, corporation-to-corporation, and machine-to-machine scenarios.

“Many of the imaginative and futuristic proposals derive from simple misinformation,” says Enrico Camerinelli, senior analyst on Aite Group’s Wholesale Banking & Payments team. “They can be implemented through basic database technology more efficiently and economically than through a blockchain. In general, the blockchain is usable for publicly traded goods or services, which must therefore be governed in a transparent, decentralized, and handling-resistant manner.”


 About Aite Group

Aite Group is an independent research and advisory firm focused on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, securities & investments, and insurance, Aite Group’s analysts deliver comprehensive, actionable advice to key market participants in financial services. Headquartered in Boston with a presence in Chicago, New York, San Francisco, London, and Milan, Aite Group works with its clients as a partner, advisor, and catalyst, challenging their basic assumptions and ensuring they remain at the forefront of industry trends.​ 

Contact
​Jennifer Molgano
Marketing and PR Associate
Aite Group

+1.617.338.6050
PR@aitegroup.com