A report from the World Economic Forum studies how Blockchain can help financial firms. Building on the findings from the Deloitte/World Economic Forum research published in Disruptive Innovation in Financial Services, the report looks at the impact of implementing distributed ledger technology across nine sectors of financial services.
The World Economic Forum suggests that Blockchain can actually “live-up to the hype” and reshape financial services, but requires careful collaboration with other emerging technologies, regulators, incumbents and additional stakeholders to be successful.
Key findings include:
• Distributed ledger technology (Blockchain) has the potential to drive simplicity and efficiency by establishing new financial services infrastructure and processes
• Distributed ledger technology will form the foundation of next generation financial services infrastructure in conjunction with other existing and emerging technologies
• Similar to technological advances in the past, new financial services infrastructure will transform and question traditional orthodoxies in today’s business models
• The most impactful distributed ledger technology applications will require deep collaboration between incumbents, innovators, and regulators, adding complexity and delaying implementation
Interested?
The report is centered on use cases, considering how distributed ledger technology could benefit each scenario. Download The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services (PDF)
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