In collaboration with Deloitte, the World Economic Forum has compiled a comprehensive report on the future of financial infrastructure and the role of Distributed Ledger Technology (DLT) therein.
The key findings are:
- DLT has great potential to drive simplicity and efficiency through the establishment of new financial services infrastructure and processes
- DLT is not a panacea; instead it should be viewed as one of many technologies that will form the foundation of nextgeneration financial services infrastructure
- Applications of DLT will differ by use case, each leveraging the technology in different ways for a diverse range of benefits
- Digital Identity is a critical enabler to broaden applications to new verticals; Digital Fiat (legal tender), along with other emerging capabilities, has the ability to amplify benefits
- The most impactful DLT applications will require deep collaboration between incumbents, innovators and regulators, adding complexity and delaying implementation
- New financial services infrastructure built on DLT will redraw processes and call into question orthodoxies that are foundational to today’s business models
The report is available at http://www.weforum.org/. Download PDF
