In one of my earlier blogs I wrote that we are beyond the hype of blockchain and distributed ledger technology. Support in the financial industry and beyond for this technology is accelerating in a rapid way. A lot of time and money is now invested into blockchain and its applications. “Distributed ledger technology is set to move out of the test environment and into the wild next year, with nearly two thirds of banks expecting to be in production with full-scale, commercial blockchain projects by 2019”, according to recent research from IBM.
Collaborative near real-world examples The first collaborative near real-world tangible use cases and practical applications of distributed ledgers in the financial industry are now being brought to the open. And more are expected soon. Here follows a number of interesting examples of actual projects, initiatives and trials. Main question is: will they be viable in the long run? R3CEV - Credit Suisse (syndicated loans) - Led by Credit Suisse and the bank-backed blockchain consortium R3CEV and a number of buy-side firms have started a new initiative to apply distributed ledger technology to overhaul “antiquated” and costly manual intervention in the global syndicated loans market. · R3CEV and eight member banks (treasury bond trading) - Working under the R3CEV flag, a group of eight member banks have successfully tested a distributed ledger prototype for bond transactions. For more see the article