Report: Blockchain to Rewrite the Financial Infrastructure’s Future

Blockchain technology is expected to change the way financial organizations conduct business with banks implementing distributed ledger technology (DLT) projects by 2017, according to the World Economic Forum.

After 12 months of research which saw the WEF engage over 200 industry leaders and subject matter experts through interviews and multi-stakeholder workshops, the organization compiled a 130-page report on the impact distributed ledger technology (DLT), also known as blockchain, will have on the financial infrastructure’s future.
WEF’s ‘The Future of Financial Infrastructure’ report found that ‘applications of DLT will differ by use case, each leveraging the technology in different ways for a diverse range of benefits,’ but that ‘DLT has great potential to drive simplicity and efficiency through the establishment of new financial services infrastructure and processes.

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