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Opinion: blockchain will reduce up to 80% of operating costs for banks

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The development of the law on the use of distributed registry technology will allow banks to significantly reduce costs, said the founder of Blockchain.ru Dmitry Matsuk. "In such areas as processing of counter transactions, structuring of products, account management, audit and financial control, the savings can reach up to 60-75%, and this is only a small part where a blockchain can be used. Therefore, the potential total savings on operating activities will be about 50%, which can be brought up to 80% with the development of technology and the transfer of all processes to the blockchain, "he said.

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