Abstract
Blockchain is the technology at the core of what could become the "Fintech" transformation of capital markets. It can potentially facilitate cheaper, more efficient and secure operations. The mechanism behind it is introduced in this paper, as are its uses and suggested areas for future academic research. The paper critically reviews the promise that blockchain and distributed ledgers will speed up financial settlements and transactions. In it we recommend financial institutions evaluate the adoption of blockchain and/or adapt their existing legacy systems to allow for digital clearing over the internet.
| Original language | English |
|---|---|
| Pages (from-to) | 53-55 |
| Number of pages | 3 |
| Journal | The Journal of the Chartered Institute for Securities and Investment (Review of Financial Markets) |
| Publication status | Published - 30 Apr 2017 |
Keywords
- blockchain
- capital markets
- distributed ledgers
- financial settlements
- digital clearing
- financial transactions
- internet
- Fintech