In a new research paper by the Bank of England, researchers argue that, if left unregulated, securities settlement services built on distributed ledger technology (DLT) could turn into de facto monopolies.
Up Next in Blockchain
Nasdaq proposed a Blockchain-based asset ownership data storage system. This system enables data to be stored on a public ledger while ensuring privacy through each block’s cryptographic hash value .
Nasdaq Files Patent for Blockchain-based Asset Ownership Data Storage System
Nasdaq seeks patent for storing ownership information of assets on a Blockchain, not yet ready to implement technology.
The prospect of blockchain technology remaking financial services just moved a step closer to reality, after banks including Goldman Sachs and JPMorgan completed a successful six-month test in the $2.8 trillion equity swaps market.
Blockchain Gets a Wall Street Win: ‘We Know the Thing Works Now’