Blockchain in Banking: A Reality Check

DBRS considers blockchain to be promising for improving efficiency and automatization of banks’ operations. However, the technology is still immature and poses challenges for future applicability in the banking sector, particularly with regards to operational and reputation risks. In DBRS´ view, the success of blockchain based activities will largely depend on the results of the testing processes (Proof of Technology and Pilots) and more extensive adoption will likely only occur over the longer-term.