Briefings
Week InAdvance: February 22, 2016
- By: admin
- On: 02/22/2016 07:35:43
- In: Week InAdvance
Blockchain and the potential application of distributed ledger technology to the derivatives market is on the agenda for a meeting of the CFTC's Technology Advisory Committee on Tuesday. Blockchain, the secure transaction ledger database that underpins bitcoin and similar digital payment networks, is shared in a network of computers that records and stores every transaction, purportedly eliminating the need for trusted third parties such as payment processors. CEOs of the world's largest futures exchanges have endorsed the effort by Wall Street banks, exchanges and Silicon Valley startups to show that a decentralized approach to clearing and settlement can save time and cut risk.
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