Wall Street and Blockchain

Alexander Huff Alexander Huff

Alexander Huff

Drives Revenue in Capital Markets | Expert of International Equities, Trading, Markets, Risk, and Technology | Strategic Leader i| Client Engagement | Operations | Trusted Industry Advisor

发布日期: 2024年4月22日
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?The intersection between Wall Street and blockchain will become more imperative as settlement cycles condense and the use of smart contracts increases. The current way trades are processed and settled lends itself quite nicely to the use of blockchain. With US settlements potentially moving to a T+0 cycle, blockchain's utilization is almost certain. In essence, Wall Street firms would need a private blockchain for internal record-keeping and a public blockchain for interbank settlements. What's advantageous about blockchain is its decentralized ledger, ensuring high security, transparency, and immutable entries.

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While this scenario seems promising, two significant roadblocks come to mind. Firstly, regulators must become comfortable with this new process, requiring considerable persuasion and education. Secondly, banks, brokers, etc., must believe they have the correct technology and procedures in place to justify moving away from the current status quo.



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