Despite being part of the finance sector for over a decade, skepticism persists among finance professionals regarding blockchain's practical applications. Key barriers include uncertainty about its usefulness, a lack of industry-wide adoption, skill gaps, and trust issues. A 2021 survey indicated many in finance question the necessity of blockchain, especially when existing systems still function well. Moreover, a 2024 study revealed only 13.7% of financial advisers engage clients on cryptocurrencies amidst growing interest. However, by 2025, developments like regulatory shifts and the rise of stablecoins are leading to blockchain becoming a vital tool in finance. Projects from major banks are investing in blockchain technologies for settlements, compliance, and cross-border payments. Blockchain is being embraced for its real-time settlement capacity, improved compliance processes, and transparency. For CFOs and treasurers, blockchain provides strategic advantages in reporting, smart contracts, and asset tokenization. However, challenges remain, including the necessity for training, integration, and robust compliance standards. Finance professionals are encouraged to pilot blockchain initiatives to drive practical improvements in their operations.

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