As blockchain technology continues to make inroads into traditional finance, major institutions are showing renewed interest in adopting decentralized systems.

Ahead of his appearance at the upcoming Benzinga Future of Digital Assets event, Anthony Moro, CEO of Provenance Blockchain Labs, spoke on why firms such as BlackRock and PayPal are increasing their focus on blockchain technology and what this shift could mean for the industry.

A Turning Point for Blockchain Adoption

Moro, who joined Provenance Blockchain Labs in 2022, likens the current wave of blockchain adoption by financial institutions to the transformative era of 1999. At that time, businesses moved their customer experiences online, setting the stage for the digital economy.

He noted this shift allows companies to streamline …

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