Financial Firms Pursue Blockchain, But Widespread Adoption Still Years Away

Large banks continue pursuing blockchain-based banking/payments solutions, mainly through consortiums rather than individual projects. JPMorgan Chase is a leader here.

Brokerage firms are actively developing blockchain trading/investment products to improve efficiency and reduce costs. Examples include BNP Paribas, Citi, Franklin Templeton, and UBS.

Insurance firm interest in blockchain tech has declined - B3i insurance blockchain shut down in 2022 after pilots. Hard to find updates on other insurance blockchain projects.

Despite initial hype, blockchain traction in real estate seems limited - hard to find updates on various real estate blockchain initiatives.

Blockchain tech has strong traction in certain financial verticals like banking and brokerage, but the transition will likely take 2-5 years given complex regulations and infrastructure.