5 blockchain applications for capital markets
- Slowly but surely blockchain applications are being tested in capital markets.
- For the technology to take hold, a wholesale change to the infrastructure and value chain is needed.
Distributed Ledger Technology might has the potential to change many of the processes in financial markets. The technology promises speed, security and much lower IT costs. However, for the technology to take hold, a wholesale change to the existing financial services infrastructure and value chain will be needed, notes a recent report by Celent and Misys that explored the use cases of DLT for capital markets. Not many use cases have moved past beyond the proof of concept, but the pilots and projects that are on the way show the potential of the nascent technology.