Where DLT is taking effect in financial services and what the future holds
Recent years have seen explosions in interest around blockchain technology, from Bitcoin’s price peaking at nearly $20,000 in December 2017, to the proliferation of initial coin offerings (ICOs) in 2018. In general, interest has been propelled more through hype than expectation.
Distributed ledger technology (DLT) has presented many compelling use cases that would make financial services processes easier, quicker, cheaper and more transparent.
This has been demonstrated already by numerous major banks who have launched projects in areas such as identity, settlement and foreign exchange.
In this report, Finextra Research explores this and other use cases for DLT in conjunction with experts from the financial services industry, and examines what needs to happen for the technology’s potentials to be fulfilled.
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First Published at The Future of Blockchain 2020 – Finextra