The "Roadmap 2020" of the Deutsche Börse AG provides blockchain investments!

in #writing5 years ago

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Hello dear blog readers,

On May 30, the Deutsche Börse AG presented details about its strategy for the year 2020 at its investor day in London. In their "Roadmap 2020", the Deutsche Börse AG presented the three main themes of organic growth, targeted acquisitions and investments in innovative technologies. This opens up the company for blockchain technology.

The Deutsche Börse goes Blockchain - at least until 2020. According to the press release, the goal is "to consolidate and expand the position of the Deutsche Börse as the leading European infrastructure provider for the financial markets with global growth ambitions."

The focus is on the use of blockchain technology to increase efficiency and profit, amongst other things:

"The third core element of "Roadmap 2020" is an increased investment in the four key technologies blockchain, big data analytics, cloud, and robotics and artificial intelligence. The Deutsche Börse plans to open up new business areas and corresponding profits through Blockchain. Investments in cloud technologies as well as robotics and artificial intelligence are primarily intended to further increase the efficiency of existing business. The goal of big data investments is to increase profit and efficiency. Ongoing initiatives in these areas will be driven forward and further developed. Overall, the Deutsche Börse wants to invest 270 million euros in key technologies."


Streamlining the staff

In addition, the Deutsche Börse AG expects extensive savings by the year 2020. The restructuring is expected to result in structural cost savings of 100 million euros. In addition, it also wanted to save in terms of personnel. The Deutsche Börse plans to "slimming down" by 2020 for example. According to this, a total of 350 jobs, including 50 executives, are to be saved.

Theodor Weimer, CEO of Deutsche Börse AG, is accordingly confident:

"With the Roadmap 2020, the Deutsche Börse is well prepared for the future and growth. We focus even more on scaling our business model and improving our operational processes. This will make us faster and more efficient overall. The new Executive Board team wants to expand the strength of the Deutsche Börse as a leading financial market infrastructure provider with global ambitions. We don´t t just want to be a more efficient company, but also a bigger one with more employees than today by the end of 2020.

The text above is a free translation of this article here: https://www.btc-echo.de/deutsche-boerse-ag-roadmap-2020-sieht-blockchain-investments-vor/



Best regards and hear you in my next article.

Michael Thomale - @michael.thomale

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