Blockchain in Capital Markets- by Oliver Wyman
This arcticle describes what is offred by blockchain technology, abstract existing constraints and imagine a target ecosystem based on this technology, lists hurdles to adoption and suggests baby steps.
What is offered by blockchain technology?
Blockchain (or distributed ledgers) offers a new approach to data management and sharing that is being proposed
as a solution to many of the inefficiencies afflicting the industry. The prize on offer is a new architecture, where all
capital market participants work from common datasets, in near real-time, and where supporting operations are
either streamlined or made redundant.
We see three routes to the adoption of the blockchain:
• Challenger disruptions developed outside of the core capital markets ecosystem. We expect to see these in the
next 18 to 24 months.
• Collaborative efforts to shift the existing value chain to blockchains. While such efforts are already starting, with
potentially massive benefits, it is likely to take more than ten years to overhaul core parts of the system.
• Mandated policy where supervisors direct the industry to introduce new market infrastructure, so that costs are
reduced or that operational or systemic risk is lessened.
Your new post is loading...
