“Deloitte Consulting LLP and the World Economic Forum have taken a pragmatic approach to determining how blockchain, or distributed ledger technology (DLT) will help financial firms…DLT has seen more than $1.4 billion invested in three years and 2,500 patent filings. It is predicted 80% of banks will initiate projects by next year.”

One of the more telling words of wisdom, “…challenges remain. The regulatory environment is uncertain. Standards are only starting to develop. Legal frameworks don’t exist.”

I agree with the author’s findings that “DLT will upend today’s business models. The immutability of DLT infrastructure removes information silos so everyone uses the same facts.”

The authors continue with several use cases. Read them in detail here:

– Global Payments
– Commercial Property And Casualty Claims Processing
– Syndicated Loans
– Trade Finance
– Commercial Shipping Port China
– Contingent Convertible Bonds
– Automated Compliance
– Proxy Voting
– Equity Post Trade
– And more…