How blockchain technology could change our lives
This report provides an accessible entry point for those in the European Parliament and beyond who are interested in learning more about blockchain development and its potential impacts. In doing so, the aim is to stimulate reflection and discussion of this complicated, controversial and fast-moving technology. The report is non sequential, so readers are invited to choose the sections that interest them and read them in any order. The section immediately below presents an introduction to how blockchain technology works. The subsequent eight sections each present two-page briefings about how it could be deployed in various application areas, its potential impacts, and its implications for European policy. Finally, a concluding section presents some overall remarks and potential responses to blockchain development.
The Distributed Ledger Technology Applied to Securities Markets
This report sets out ESMAâs view on DLT, its possible applications, benefits, risks and how it maps to existing EU regulation. ESMAâs position is that regulatory action is premature at this stage, considering that the technology is still at an early stage.
Discussion Paper: The Distributed Ledger Technology Applied to Securities Markets
ESMA is seeking feedback from stakeholders on the possible use of DLT in securities markets, its potential benefits and the risks that such broader use may pose. In the Discussion Paper, ESMA analyses the potential benefits of DLT such as higher security, greater efficiency in clearing and settlement and reduced costs.
Distributed Ledger : The technology behind the virtual currency on the example of the blockchain
In April 2015, the European Securities and Markets Authority ESMA began a consultation that looks inter alia at the perception among market participants of how DLT works and how it can be deployed both within and outside of virtual currencies. The consultation served as a basis for a further analysis of this technology and examined the question of whether regulatory action may be required. This article explains how DLT works, how it can be applied and what effect it may have on the financial market.
Call for evidence: Investment using virtual currency or distributed ledger technology
ESMA has been monitoring and analysing virtual currency investment over the last 6 months, to understand developments in the market, potential benefits or risks for investors, market integrity or financial stability, and to support the functioning of the EU single market
