This combination of available financial data and new possibilities for blockchain-driven efficiencies have made the climate ripe for the disruption of traditional investment banks.
“Accenture has estimated that some major investment banks could make a whopping $10 billion in efficiency savings by utilizing blockchain technology,” explains Thomas Levene, founder of Best Blockchain Solutions Consultancy.
Thus, it’s no surprise that significant numbers of blockchain-based prediction market platforms and exchanges have sprung up to challenge the dominance of traditional investment banks.
“It’s not surprising that investment banks, including Goldman Sachs and JP Morgan, are getting on board with blockchain,” Levene says.
“Time-consuming and expensive venture capital funded investment bank models cannot compete with streamlined token-based funding efforts that are already having an impact on traditional investment banks’ bottom line.”

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