Monday, 25 May 2020

Earlier this month, Citigroup boss Mike Corbat, who oversees one of the world's biggest banks, adopted a cautious tone when asked about blockchain technology path to mainstream adoption.

Most of the media’s headlines around blockchain technology center around the outsized performance (and then underperformance) of cryptocurrency, which closely resembled a roller coaster as Bitcoin gained 1,390% in 2017, up as much as 1,935% when it hit a record high of $19,666 in December 2017, before crashing back down to earth in 2018 and settling around $3,400 in January 2019.

A quarter of institutional investors believe major listed companies will have to start proactively reporting on their plans and ambitions around blockchain due to investor demand.

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