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Introduction

The announcement from the US DTCC that it aims to move its post-trade derivatives processing system onto distributed ledger technology (DLT) marks a major step in making the technology viable at the scale required by financial services.

Highlights

  • This project stands a chance of being the first blockchain implementation of significant scale. If successful, it will go a long way to proving the role of the technology in financial services and showing it is not just hype.

Features and Benefits

  • Looks at how cross-industry collaboration has been a key factor in project planning.
  • Learn how tightly defined ambitions based on a calculated reduction in operating costs will ensure that the technology is not deployed for its own sake.

Key questions answered

  • What implications does the DTCC project have for wider adoption of blockchain in financial services?
  • Will there be benefits beyond cost reduction? Distributed ledger advocates say yes, but it's not clear what they will be.

Table of contents

Ovum view

  • Summary
  • Industry collaboration is key to the success of the DTCC plan
  • Defined milestones make the ambition realistic

Appendix

  • Further reading
  • Author

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