Share this article
IBM: Banks Expect Commercial Blockchains By 2017
Some of the world's banks and financial markets are bullish on blockchain products, new survey data shows.
By Stan Higgins
Updated Sep 11, 2021, 12:31 p.m. Published Sep 28, 2016, 6:45 p.m.
Make us preferred on Google
Banks and financial firms are planning to release commercial-grade blockchain services within the next two years, two surveys published today by IBM show.
In total, 200 banks and financial markets operators, respectively, were surveyed about the current status of their work with the technology, and 15% of banks interviewed indicated that they see commercial-scale services coming online sometime before the end of 2017.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Of the financial markets operators asked the same question, 14% suggested that they would have their own services online by that date.
"In effect, 2017 looks to be the year banking on blockchains shifts from zero to sixty," the company said of the results.
The bulk of those surveyed see commercial-grade products hitting the market sometime by 2020. In the case of banks, 51% percent anticipate releases within that time period, with 34% anticipating that they would do so after 2020.
That data was mirrored among financial markets stakeholders, the surveys show.
Fifty-six percent said they expect to have services online by 2020, with the remaining 30% suggesting that they might release something after that time.
Image via Shutterstock
Mehr für Sie
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Was Sie wissen sollten:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Mehr für Sie
Fed rates decision, Tesla earnings, Bybit roadmap: Crypto Week Ahead
Your look at what's coming in the week starting Jan. 26.
Was Sie wissen sollten:
You are reading Crypto Week Ahead: a comprehensive list of what's coming up in the world of cryptocurrencies and blockchain in the coming days, as well as the major macroeconomic events that will influence digital asset markets. For an updated daily email reminder of what's expected, click here to sign up for Crypto Daybook Americas. You won't want to start your day without it.
Top Stories
