Beyond Blockchain Distributed Ledger
Technologies and the Mayer Brown link mayer brown x 1 The blockchain distributed
ledger was originally deployed as the infrastructure for bitcoin, a
peer-to-peer digital payment system.
However, according to the World
Economic Forum, “[d]ecentralised systems, such as the blockchain protocol,
threaten to disintermediate almost every process in financial services”.
DLTs have potential applications for
securities settlement, trade finance, voting, records sharing, database
management, asset title registration, and IP rights management, among others.
The combination of distributed ledgers with “smart contract” technology
promises to be an especially potent combination that could reduce costs in a
wide range of transactions.
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