Blockchain Is an 'Infant' Technology with Big Potential: Broadridge's Chris Perry

Blockchain has major potential in the financial services industry to lower costs that are passed on to consumers, but don't expect it to disrupt Wall Street overnight. "Blockchain is an incredible technology, but it is really an infant," Chris Perry, Broadridge's president of global sales, marketing, and client solutions, told Cheddar on Wednesday. "It takes time for these technologies to evolve and to be applied to problems." One of those problems is the need for asset managers to lower fees to investors. Perry thinks blockchain technology can help solve that problem by improving efficiency across systems.
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