Willingness financial sector in Luxembourg to respond to blockchain 2016, by company
This statistic shows the answers to a survey question on the willingness of the financial sector in Luxembourg to respond to blockchain in 2016, by company. In 2016, approximately 58 percent of the senior executives in insurance companies answered they are likely or very likely to respond to blockchain. Blockchain is the main technology behind cryptocurrencies, such as Bitcoin. In essence, the blockchain data protocol works like a distributed ledger with the potential to the remove the need for (financial) intermediaries. Therefore, expectancies in Europe for the effect of this technology on payment solutions are high.
