Get Bold with Blockchain

Benjamin Jessel () and Tommy Marshall ()
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Benjamin Jessel: Capco, Postal: 77 Water Street, New York
Tommy Marshall: Capco

Journal of Financial Transformation, 2016, vol. 43, 15-20

Abstract: Distributed ledger is a technology that offers the potential to significantly disrupt the financial services industry through a new paradigm that could ultimately result in the trade and settlement cycles across many assets shrinking from days to seconds. As with many new technologies, the hype cycle is in full effect, with many highlighting the huge potential of the technology without any references to the fact that market infrastructures evolve through decades not years, and where regulation often lags several years behind technology advances.

Keywords: Blockchain; Distributed Ledger; DTCC; Financial Services; Trading; Clearing; Settlement; Bitcoin; Digital Asset Holdings; Hyperledger; Australian Stock Exchange; ASX; Australian Stock Exchange; IBM; Ripple; T+0; Assets; Securities; Compliance; Counterparty; RiskSymbiont; Nasdaq; Chain; NYSE (search for similar items in EconPapers)
JEL-codes: G01 G12 G15 G21 G24 L50 O14 O16 O30 O31 O32 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:1568

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