Distributed Ledger Technologies for International Banking
By Ingrid Abraham, Eternic
Since the release of Bitcoin in 2009, there has been a constant stream of speculation over the potential for the underlying distributed ledger technology and principles to revolutionize financial market infrastructures. A decade later, and despite the talent and focus poured in, such a revolution has yet to materialize. However, blockchain technology has greatly matured in the meantime, and many promising variants have appeared as a lurking threat to the current landscape.
In our latest research report, we present an overview of various contemporary distributed ledger technologies (DLT) that have the potential to provide the foundation of an international banking platform and analyses of their respective applicability to the cross-border payments problem space. “Classical” blockchains are found wanting, considerably disjointed from the needs of international banking, but some other variants show more promise.
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The maturity of distributed ledger technology and its applicability to international banking are best exemplified when the technology is trustless, private, scalable, and has mechanisms for regulatory compliance and transaction netting. We put seven of the top blockchains to the test — Bitcoin, Etherium, Corda, Fabric, Tempo, Stellar and Quorum, to provide you with concise comparative analysis. Here’s an overview of how they compare:
Learn more about emerging financial technologies for international banking:
Ingrid Abraham is a Business Analyst for Eternic, a blockchain solution for global payments and settlement: www.eternic.io
