Blockchain could simplify and speed up the financial system. Settlement could move from T+3 (or even T+30!) to T+0. Costs associated with paying a middle man and running a back office could be eliminated, and capital tied up by settlement risk could be reduced. We think blockchain could allow $16bn of cost savings and $6bn of capital release at the investment banks by 2021.
Blockchains could have widespread potential to disrupt financial intermediaries. Our in-depth study suggests several misconceptions & identifies 10 hurdles to overcometo make blockchain areality in banking. The opportunity is clear but the bluesky is too far off to impact...
Since the emergence of Blockchain and distributed ledger technologies (DLTs), the question of how this technology can be deployed in a business environment has captivated the industry. The search for implementations and use cases is now a key focus of R&D and innovation teams in major financial institutions, and is top of mind for executives seeking to determine future strategies for their transaction businesses and other datadriven operations.
DTCC is an industry-owned and governed financial market utility with more than 40 years of experience mitigating risk and driving operations and cost efficiencies for the financial industry. We believe that realizing the promise of distributed ledgers lies in aligning the technology with these core principles to leverage new opportunities and simplify or replace legacy systems.