Blockchain applications will be deployed by financial institutions within a couple of years, according to fintech executive and former JP Morgan commodities head Blythe Masters, who was responding to recent scepticism about the technology’s short-term impact.

Speaking on the third day of fintech conference Money 20/20 in Copenhagen, chief executive of bank-backed blockchain startup Digital Asset Holdings said she believed many of the barriers to mainstream blockchain adoption "are in the process of being surmounted".