Blockchain Compendium: Retail Banking & Payments, Wholesale Banking & Payments, Wealth Management, Institutional Securities & Investments, and Insurance teams

  • ID: 4456414
  • Report
  • Region: Global
  • 440 Pages
  • Aite Group, LLC
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Ten of the Best Reports on Blockchain

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The Blockchain Compendium encompasses 10 of the best reports on Blockchain, including:

Blockchain: What Is It Good for? Absolutely Something

The financial services industry is buzzing about bitcoin and other blockchain technologies, which represent a shift from centralized, proprietary systems to systems more standardized, distributed, and secure. Blockchain offers the potential to transform financial services by lowering costs, breaking barriers, supporting new products, and disintermediating long-central players. But what exactly is blockchain? How does it work? And how will it change financial services as we know it?

Blockchain Business Scenarios

Financial institutions are spending time and resources to find out how much business they can gain by adopting blockchain technology. This hype on the bank side might not correspond to similar interest from corporations, nor it is clear whether blockchain technology creates similar business opportunities for each side. It looks like banks and corporations are not the only ones involved, however.

This report investigates the gap between banks and their corporate clients, assessing to what degree blockchain technology is part of corporate practitioners’ domain expertise, and suggests four possible blockchain scenarios for business around the globe: bank-centric, bank-to-corporation, corporation-to-corporation, and machine-to-machine scenarios. It is based on interviews of bank and corporate representatives and technology experts.

Building Business Cases With Distributed Ledger Technology: Things to Know

The emergence of bitcoin as a pure peer-to-peer payment network proposed a fundamentally different way of conducting financial transactions, but the explorations of this technology have gradually moved away from cryptocurrencies. Market players are now predicting that the database technology underlying the bitcoin protocol, known as blockchain technology or distributed ledger technology, could be the cure for the financial services industry’s inefficiency and disorganization ills. But what can DLT realistically achieve, given the technology’s inherent constraints?

Blockchain for the Supply Chain: 15 SCtech Players to Watch

A new category of blockchain SCtech software providers is emerging. Blockchain has important possible applications in supply chain management, but blockchain-based solutions must correspond to corporate concerns and requirements and be built on top of real use cases. What type of proof-of-concept projects and pilots are SCtechs currently working on?

Demystifying Blockchain in Capital Markets: Innovation or Disruption?

With the initial exuberance over bitcoin waning quickly, the underlying blockchain technology has become the next big thing in financial services technology. Conceptually attractive yet hard to tangibly pin down or explain, blockchain has the potential, to some, to be the greatest technology innovation since the Internet. Could blockchain be the missing technology link that can help financial institutions reduce regulatory and compliance costs as well as generate new revenue streams?

Blockchain Players in Capital Markets: Where Are the Pioneers Headed?

Financial institutions desperate to streamline their middle- to back-office procedures and better their transparency, security, and cost savings are looking to blockchain as the missing technology link. Technology startups and global banks and exchanges are scrutinizing blockchain’s real possibilities, testing the water in markets that are less heavily traded, less manual, and less strictly regulated. But what exactly is the blockchain use case, what obstacles does blockchain face, and to what standards must blockchain pioneers adhere?

Top 10 Capital Markets Chaintech Platforms: Securities Settlement in Focus

Many of the hundreds of chain-related deployments launched worldwide in 2016 are in development. Regulators as well as business leaders confront a twin challenge: grasping this new technology and passing new rules based on partially understood truths, pitfalls, and nuances. But blockchain platform vendors that are chosen by corporations or capital markets firms stand to make today’s emerging chains run as smoothly as TCP/IP does for the internet. Time is ticking, and these 10 chaintech platforms - Axoni AxCore, Chain Core, Digital Asset platform, Ethereum, Hyperledger’s Fabric, Nasdaq Linq, Overstock.com’s t0, R3’s Corda, SETL’s OpenCSD, and Symbiont’s Assembly - urgently need to be near the top of the pack to survive the inevitable cuts.

Blockchain’s Role in Settlement: The Good, the Bad, and the Old System That Works

Disruption in the settlement space is here. Driving this massive change are capital markets firms clamoring for a way to reshuffle how payments take place and how transactions settle. It so happens that distributed ledger technology (DLT) is the fuel triggering that restlessness, but in what part of the settlement equation does blockchain technology make sense? And what is not yet operationally ready?

ASX, Nasdaq, Overstock, and the Charting of Distinct Blockchain Roadmaps

Important developments are taking place in the realm of blockchain. The Australian Securities Exchange and Nasdaq are blockchain converts ready to evangelize others, while Overstock.com and its t0 platform recently set distributed-ledger precedents. Following in their footsteps, dozens of distributed-ledger-technology capital-markets deployments will be ready to move in 2017. What can these three firms tell us about the types of DLT projects waltzing into the securities settlement realm and what they hope to displace?

Is Blockchain a Good Fit?: A Disciplined Approach in Post-Trade

Firms around the globe face the task of sorting through abundant blockchain rhetoric - some of it overdone, some of it underinformed, and much of it wrapped in technical lingo. The temptation to ignore this new trend is strong, but distributed ledger technology (also called blockchain technology or chaintech) is poised to give businesses a lower operational base, greater automation, and faster delivery times. Chaintech-complacent businesses risk becoming the Motorola or Nokia to someone else’s Apple.

Impact Points:

  • Blockchain technology has the potential to disrupt many aspects of financial services, from payments to foreign exchange, remittances, and capital markets.
  • Blockchain should be thought of as fundamental infrastructure, much like a relational database management system (RDBMS, such as SQL, Oracle, or MySQL) and HTTP. The applications built on top of blockchain will likely be as transformative as the Web was.
  • Public, permissioned, and private blockchains have potential applications across a range of financial services.
  • Blockchain technology is not equal to bitcoin. While bitcoin is the most well-known application built using blockchain, it is far from the only application of this technology.
  • Blockchain compliance concerns abound. In some cases, a greater level of transparency can improve compliance through great traceability of transactions; in other cases, anonymity may create a compliance challenge by limiting the ability to identify the source and destination of funds.
  • Many incumbent players could find blockchain technology disruptive or could embrace it and offer new services around it. Organizations such as DTCC, SWIFT, Western Union, and others need to pay attention to this technology.
  • Blockchain technologies’ primary challenge is their slow throughput. For bitcoin, for example, throughput stands at about seven transactions per second (card networks, by comparison, process tens of thousands per second). Many efforts seek to dramatically improve this number, and though we can expect vast improvements in short order, this will be the limiting factor for some time.
  • Blockchain also has important possible applications in supply chain management, but blockchain-based solutions must correspond to corporate concerns and requirements and be built on top of real use cases.
  • Software vendors are emerging to provide blockchain-based solutions for supply chain, and this report analyzes the most active in the market.
  • These vendors are termed as SCtech (supply chain tech - pronounced “skytech”) to differentiate them from fintech players that provide IT solutions for the financial services industry.
  • None of the solutions proposed are yet available for live adoption or mass use. All SCtech players for now are only working on proof-of-concept (POC) projects and pilots.
  • Aimed at C-suite executives and mid- and back-office senior managers working for sell-side firms, exchanges, financial markets utilities, and settlement-focused fintech firms, this Impact Report examines the operational complexities that distributed ledger technology (DLT) must address to prove sturdy enough to be a credible alternative in the post-trade space.
  • In a universe of more than 80 stock exchanges worldwide, a little more than three-quarters of global trading activity - equivalent to US$147 trillion in 2015 - originated from five exchanges, three of them in the United States and two in China.
  • Blockchain technology is poised to replace particular securities settlement functions and, in due time, could also replace the work done today by asset servicers, central securities depositories, central counterparties, and in some instances, financial intermediaries and exchanges.
  • The hype around blockchain technology is rooted on strong capital markets looking for significant structural change, operational savings, straight-through processing, and transparency; DLT serves as an important catalyst to realize this transformation.
  • More than US$300 million has gone into supporting DLT efforts in the settlement space in the past two years, and a number of DLT projects in areas such as securities reference data and asset servicing are emerging, with mixed chances of success.
  • The insertion of DLT in the securities settlement market will be a long-term process that will bring cost savings to some participants and revenue losses to others as well as greater operational efficiencies that will shrink and increasingly automate capital markets’ middle and back offices.
  • Securities regulators have a once-in-a-generation opportunity to strategically rewire capital markets and unlock considerable savings for investors and the industry by adapting current regulations such that participants using DLT may assume greater roles in the settlement process.
  • Today’s regulations are legal code-centric, domestic, and focused on specific post-trade aspects; therefore, they are not well-suited for DLT networks, which are technical-code driven, tend to be global in scope, and can cover multiple roles in the settlement process.
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FEATURED COMPANIES

  • ABN Amro
  • China LCME Group
  • Earthport
  • IHS Markit
  • Nasdaq
  • Setl
  • MORE
  1. Introduction
  2. Blockchain: What is it Good For? Absolutely Something
  3. Blockchain Business Scenarios
  4. Building Business Cases With Distributed Ledger Technology: Things to Know
  5. Blockchain for the Supply Chain: 15 Sctech Players to Watch
  6. Demystifying Blockchain in Capital Markets: Innovation or Disruption?
  7. Blockchain Players in Capital Markets: Where are the Pioneers Headed?
  8. Top 10 Capital Markets Chaintech Platforms: Securities Settlement in Focus
  9. Blockchain’s Role in Settlement: the Good, the Bad, and the Old System That Works
  10. ASX, Nasdaq, Overstock, and the Charting of Distinct Blockchain Roadmaps
  11. Is Blockchain a Good Fit?: a Disciplined Approach in Post-Trade
  12. Blockchain in Insurance: a Vendor Overview
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  • ABN Amro
  • Accenture
  • Amazon
  • Andreessen Horowitz
  • ASX Group
  • Australian Competition and Consumer Commission
  • Australian Securities and Investments Commission
  • Australia’s Council of Financial Regulators
  • Axoni/Tradeblock
  • Bank of America
  • Bank of New York Mellon
  • Barclays
  • BestX
  • Bitt.com
  • BlackRock
  • Blockstream
  • Bloomberg
  • Bloq
  • BNP Paribas
  • Broadridge
  • BTL
  • Calypso Technologies
  • Capco
  • CGI
  • Chain
  • Chi-X
  • China LCME Group
  • Circle
  • Citi Ventures
  • Citibank
  • Citigroup
  • Clearmatics
  • CME Group
  • CME Ventures
  • Cobalt DL
  • Colu
  • Computershare
  • Credit Mutuel Arkea
  • Credit Suisse
  • Credits
  • Deloitte
  • Depository Trust & Clearing Corporation
  • Depository Trust Company
  • Deutsche Boerse
  • Deutsche Boerse Group
  • Digital Asset Holdings
  • Digital Currency Group
  • DTCC
  • Earthport
  • Electronic Transaction Clearing
  • Enterprise Ethereum Alliance
  • Equinix
  • Eris
  • Ernst & Young
  • Ethereum
  • European Association of CCP Clearing Houses
  • European Central Securities Depositories Association
  • European Securities and Markets Authority
  • EY
  • Fedwire Services
  • Fidelity Investments
  • Financial Industry Regulatory Authority
  • First Data
  • FIS
  • Fiserv
  • Georgeson
  • GitHub
  • Goldman Sachs
  • Hacera
  • Hitachi
  • HSBC
  • Hundsun Technologies
  • Hyperledger Project
  • IBM
  • ICAP
  • ICBC
  • IHS Markit
  • Infosys
  • Innovate Finance
  • Intel
  • International Organization of Securities Commissions (IOSCO)
  • Inveshare
  • IOSCO
  • Ipreo
  • itBit
  • J.P. Morgan
  • Japan Exchange Group
  • JPMorgan Chase
  • JPX
  • Julia
  • Keystone Capital
  • KPMG
  • Leger x
  • London Stock Exchange
  • Medici Ventures
  • Microsoft
  • Mitsubishi UFJ Financial Group
  • Mizuho Financial Group
  • Monax (Eris) Industries
  • Monetary Authority of Singapore
  • Multichain
  • Nasdaq
  • National Securities Clearing Corporation
  • National Stock Exchange of Australia
  • Nomura Research Institute
  • Northern Trust
  • NRI
  • NTT Data
  • Omgeo
  • Overstock.com
  • Paxos/itBit
  • PeerNova
  • PNC Financial
  • Post-Trade Distributed Ledger Group
  • PricewaterhouseCoopers
  • Pro Securities
  • PwC
  • R3 CEV
  • Rakuten
  • Reserve Bank of Australia
  • Ripple
  • Royal Bank of Scotland
  • Santander InnoVentures
  • Sapient
  • SBI Holdings
  • SBI Securities
  • Securities Industry and Financial Markets Association
  • Setl
  • SettleMint
  • Singapore Exchange
  • SIX Securities Services
  • Source Capital Group
  • Speedroute
  • SS&C Technologies
  • Standard Chartered Bank
  • State Street Bank
  • Sumitomo Mitsui Trust Bank
  • SWIFT
  • Symbiont/Counterparty
  • Synechron
  • Tata Consultancy Services
  • Temenos
  • the state of Delaware
  • Thomson Financial
  • Thomson Reuters
  • U.S. Federal Reserve
  • U.S. Securities and Exchange Commission
  • UBS
  • Visa
  • Wells Fargo
  • Wipro
  • World Economic Forum
  • World Federation of Exchanges
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