2018-6-19 12:41 |
The CEO of Swiss financial services giant UBS Group AG endorsed blockchain technology in an interview, suggesting that it is “almost a must” for business.
Sergio Ermotti told CNBC Monday that the technology can help companies become more efficient, thereby reducing costs for certain operations.
In general, technology will help firms free up resources, but blockchain in particular “is a great way” to increase those efficiencies.
This is not the first time Ermotti has praised blockchain technology without similarly praising cryptocurrencies.
During another interview with CNBC in October, he said he was far more bullish on blockchain than he was about cryptocurrencies specifically.
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