BANKING ON BLOCKCHAIN 9 NEXT STEPS ACCELERATE YOUR ACTION PLAN Leveraging blockchain technology starts with an action plan to address key questions such as: STRATEGY ALIGNMENT What is your strategy to evolve your How do your multi-year investment plans business to the next level and what align with how the available technologies, combination of innovations will be key capabilities, and market offerings are to achieving that strategy? Where will developing? Are you investing / building you find the most value? within the limits of today’s capabilities or tomorrow’s potential? KNOWLEDGE EXPLORE Are you plugged into the right Have you explored the human and industry, regulatory, and cross- technology resources required to industry innovation forums to stay support blockchain DLT environments? informed and be an active player in shaping how the next period of innovation will play out (to your best advantage)? ARE YOU READY TO BENEFIT FROM BLOCKCHAIN? As our research suggests, blockchain technology could deliver significant benefits. While many parts of the investment banking ecosystem first need to align for distributed ledger technology to maximize its potential, we are already seeing some industry leaders demonstrate what is possible, right now. By putting the right pieces in place, allied to a clear vision, you could start to achieve short-term wins while building a more efficient, secure and cost-effective operating model to unlock sustainable gains, savings and long-term competitive advantage.
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