According to CoinDesk, Bank of America (BAC) said in a research report on Thursday that tokenization is just one application of blockchain technology, but it may change financial and non-financial infrastructure and financial markets in the next 5 to 15 years.

“We are on the brink of an infrastructural transformation that could reshape how value is transferred, settled and stored across every industry,” analysts Alkesh Shah and Andrew Moss wrote.

Bank of America noted that disruptive technologies like radio, television and email took 30 years to reach mainstream adoption. It expects the lag time to be much shorter for digital assets. The implementation of blockchain technology will accelerate among financial institutions and businesses as the “opportunity cost of unearned efficiencies increases.”