Blockchain gets Wall Street's creative juices flowing

Report estimates cost savings of up to $20 billion by 2022

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Blockchain, the technology behind bitcoin that allows the digital currency to exist and be transferred safely without an intermediary, is gaining unprecedented interest within financial services firms.

With estimates suggesting the technology of a distributed ledger network could shave between $15 billion and $20 billion off banks' costs by 2022, it is easy to see why.

Commercial banks, central banks, stock exchanges and major technology providers are becoming increasingly excited at the idea of

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