Agreed! Begi has figured it out: ( if rolled out successfully.. Joe has!)
If rolled out successfully, DLT may have a major impact on how securities markets operate by driving efficiencies in trading, settlement and asset servicing. Although the technology has massive potential, it can thrive if the industry finds agreement on the standards governing it. “If the industry is to agree on standards, it is vital that market participants reach out and engage with industry associations rather than conducting bilateral discussions between themselves,” says Marsh.
Moving forward, it is critical the securities services industry finds a way to monetize the technology in order to generate benefits for the entire value chain. If the securities services industry achieves this important milestone, DLT can truly shine.