How Blockchain Is Poised to Change the Financial Industry

Scott Blandford, chief digital officer at TIAA, explains what disrupting Wall Street means to him and weighs in on the digital transformation he's overseen at TIAA.

Dean McRobie, chief technology officer at CommonBond, discusses the role of artificial intelligence in student loans and shares his thoughts on presidential candidate Elizabeth Warren's plan to forgive the vast majority of American student loan debt.

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.