While Blockchain Inches Closer, Final Capital Markets Leap Remains a Mystery, Panelists Say
Blockchain is coming to the capital markets, but what shape it takes is unclear
The distributed ledgers, most famously known for underpinning bitcoin, are all the rage; however, serious questions remain as to how they can work effectively in a capital markets context.
Panelists at this year's Waters USA conference noted a number of potential applications: settlement for syndicated loans, bonds and credit default swaps (CDSs) as well as letters-of-credit for trade finance. It's part of what Emmanual Aidoo, who runs the blockchain team at Credit Suisse, called a "race to zero
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