Credit Suisse presented the report on the impact blokcheyna in various sectors

New research giant Credit Suisse Financial Services aims to analyze the impact blokcheyna 14 major participants in the global stock market and their effectiveness. The study is written in response to questions from investors and examines various financial structures: large exchanges (The Australian Securities Exchange and Nasdaq), business process facilitators (Computershare and Equiniti), as well as financial service providers (Experian and JPMorgan).
The report on 135 pages identifies four areas in which this technology could potentially lead to a revolutionary breakthrough: the payments, capital markets, financial services and media. The report concludes that the performance of individual firms in this category yet will not have a significant impact on the global financial system.
The report states:
"Our main conclusion is that blokcheyn less relevant in sectors where there are already a significant investment and innovation."
Overall, the report is more optimistic with respect to blokcheynu than to Bitcoin, which is very similar to the conclusions reached by the other banks.
The report also shows the 13 barriers to the adoption of Bitcoin, calling into question the ability of digital currency to scale operations to the level of Visa, noting the extremely slow transaction processing. The authors argue that blokcheyn more generally better positioned for widespread use.
"We find blokcheyn easily optimizable for different purposes than the Bitcoin, and we think that the three key features - complete trust, unchanging records and smart contracts confer real benefits of technology to all systems."
The most likely application sectors are financial services, exchange and post-trading.
Credit Suisse in the short term does not see any threat from blokcheyna that could radically change the financial sector, and that the technology actually offers long-term opportunities in four areas.
Payments and Transfers

Payment sector includes card issuers and operators of payment. This is one big, well-connected technological scheme, which could potentially transform Bitcoin and blokcheyn. Credit Suisse believes that the major players in the industry do not have to worry about the revolutionary changes that will bring blokcheyn.
"We believe it unlikely that Bitcoin will gain momentum, as the payments network, or blokcheyn will suppress the global payment card brands such as Visa and MasterCard. In general, we consider a threat to industry changes in much smaller quantities."
This also applies to the operator Worldpay payment processing. Fears overtake us blokcheyna technologies are greatly exaggerated. Fiserv has also "well-positioned in the market to compete with new technologies."
stock markets

For the participants of the capital markets at Credit Suisse we see more opportunities than risks. The report assesses how depositories, stock exchanges and recorders will be affected by the changes that will bring blokcheyn, concluding that the technology might offer a new approach to data management. The report states that the capital markets are subject to change, but they will be more stable and less expensive.
Although it will be very difficult to determine the winners and losers, as the existing incumbents will initially be in the best position to profit from blokcheyna. The report suggests that there may occur some consolidation of market players.
The report argues that such exchange ASX will be subject to "a small risk of economic recession," while for the London Stock Exchange and the Japan Exchange Group, such probability is low. Business processes associated with the elimination of intermediaries, were also considered in this section, although the report contains comments about the risks associated with a sharp transition to the P2P process.
Financial services

The bank described the two possibilities for the market, which it considers the most likely for financial services operators. In one common blokcheyn reduces the cost of processing securities transactions and facilitates cross-border payments. In the other, the exchange of data via the blokcheyny will lead to more customer data, increasing the awareness of firms and their ability to sell services to consumers.
It is expected at least some distribution blokcheyn services based on the analysis of the work of some banks, including Goldman Sachs Group, JPMorgan Chase, Experian and Santander are, have shown varying degrees of interest in this technology. But the main decision will take three to five years.
According to the report, the growth of interest in blokcheyne force banks to take a closer look at the underlying IT infrastructure.
"This means that the future banking landscape, the size and distribution of profit from banking activities may change."
It is noteworthy that the report calls the Goldman Sachs bank "among the best" of those who benefit from blokcheyna integration. Also make positive conclusions about the prospects of JPMorgan Chase technology, Experian and Santander.
mass media

The report also examines how blokcheyn can convert non-financial companies. This is a hot topic, especially after the appearance and smart Ethereum contracts.
The report focuses on the use cases blokcheyna technology in the media, including music, ethereal and digital television, digital video and publications. The authors argue that technology can effectively help in the fight against piracy.
As for the music industry, then it will be advantageous to carry out "full acceptance" blokcheyna technology, but radical change will require at least five years.