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Joshua Ashley Klayman, F. Dario de Martino & Alisha J. Turak, The Future of Infrastructure: An Ambitious Look at How Blockchain Can Reshape Financial Services (World Economic Forum) (Aug. 12, 2016) (full-text).
The report looks at the impact of implementing distributed ledger technology across nine sectors of financial services. Our findings suggest this technology has the potential to "live-up to the hype" and reshape financial services, but requires careful collaboration with other emerging technologies, regulators, incumbents and additional stakeholders to be successful.
Key findings include:
- Distributed ledger technology (blockchain) has the potential to drive simplicity and efficiency by establishing new financial services infrastructure and processes.
- Distributed ledger technology will form the foundation of next generation financial services infrastructure in conjunction with other existing and emerging technologies.
- Similar to technological advances in the past, new financial services infrastructure will transform and question traditional orthodoxies in today's business models.
- The most impactful distributed ledger technology applications will require deep collaboration between incumbents, innovators, and regulators, adding complexity and delaying implementation.