DTCC Says Industry-Wide Collaboration Needed for Successful Implementation of Blockchain
Without standards across the industry, blockchain technology could become a group of siloed solutions,
The paper—"Embracing Disruption: Tapping the Potential of Distributed Ledgers to Improve the Post-Trade Landscape"—discusses the pros and cons of distributed ledger technology, and also urges the industry to come together in finding the proper way to implement the new technology.
"The industry has a once-in-a-generation opportunity to reimagine and modernize its infrastructure to resolve long-standing operational challenges," says Michael Bodson, president and CEO at DTCC. "To realize the
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