Sergio Ermotti, the CEO of the multinational financial giant UBS which is based in Switzerland, said in an interview with CNBC that blockchain technology is “definitely an opportunity” in the long term, and it’s “almost a must” for a financial company like UBS to explore and implement blockchain technology.
Ermotti believes blockchain to be as “crucial and disruptive” as regulations were a decade ago, saying blockchain technology reduces costs since it is more efficient than older versions of financial technology. The savings generated by blockchain technology could give UBS an edge over other institutions; he says UBS is under pressure as always to keep service costs down to stay relevant.
To read the full article go to https://bitcoinnews.com/ubs-ceo-says-blockchain-is-crucial-disruptive/