Many financial institutions are poised to increase their blockchain spending in 2021, according to an upcoming survey from Deloitte titled “Financial Services Industry Outlooks 2020. “

Preliminary results shared with Cointelegraph indicate that 27% of the institutions surveyed expect a “slight increase in spend” for blockchain and distributed ledger technology, while 14% are expecting a large increase. Respondents included 800 senior executives at financial institutions — banks, payments companies, insurance companies, hedge funds, and other investment companies.

Financial institutions to boost future blockchain spending

“People will be surprised by the perceived speed and impact in this space next year,” said a Deloitte rep.

Read more from the source: Cointelegraph, Published by: Andrey Shevchenko