Accenture
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This paper looks at why distributed ledger technologyâapplied to enterprise and permissioned networksâwill need to evolve to adapt to an imperfect world where human error, laws and mischief will require more flexibility. It looks at the mixed blessing of the indelible ledger in light of Europeâs âright to be forgottenâ laws, recent high-profile cybercurrency thefts and the age-old âfat fingerâ errors that have brought exponential harm to financial services.
The Bitcoin cryptocurrency has been making headlines for several years. But in recent months the focus has widened to the broader potential of the blockchain technology that underpins itâincluding the creation of distributed consensus ledgers (DCLs). Now the focus has shifted again, to the implications blockchain brings for financial assets in general.
The goal of this paper is to guide banks seeking to realize the opportunities presented by DCL, help them see through and beyond the hype and disillusionment and position themselves appropriately, starting now (and avoid becoming part of the hype themselves).
What does crypto technology mean for the investment bank?