Blockchain – Financial Markets Struggling?


At first read, this CoinDesk article implies through the quotes from the The Depository Trust & Clearing Corporation (DTCC) that held a private blockchain event in New York last week, that the financial market members are struggling to decide if and how blockchain will benefit the sector – “perfect hype storm” is an interesting comment from Barclays.

“We receive hundreds of millions of transactions every day, they go into the same exact systems, they validate within a second, it costs much less than a penny, and as [DTCC CEO] Mike [Bodson] indicated in his keynote, it runs in real-time as well. I’m not sure that is really the problem that needs addressing.”

On a more positive note, the DTCC is about to test blockchain technology in the repo space🙂

DTCC said in a statement Tuesday that it will begin testing an application of blockchain, the digital ledger originally used to track ownership and payments of the cryptocurrency bitcoin, to help smooth over problems in the crucial but increasingly illiquid corner of short-term lending markets known as repurchase agreements, or “repos.”

I wonder if Microsoft’s Azure is going to be used by the DTCC for the repo test?

~ by mdavey on April 5, 2016.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: