The Blockchain: Capital Markets Use Cases. @GreySparkUK GreySpark Partners presenta un informe, el Blockchain: Capital Markets casos de uso, examinando cómo los bancos de inversión y otras empresas de los mercados financieros potencialmente podrían utilizar la tecnología distribuida libro mayor (DLT) en el futuro. El informe caracteriza a una amplia variedad de diferentes formas de aplicaciones blockchain siendo desarrollado por Fintech empresas de nueva creación a nivel mundial, y se analiza cómo estas aplicaciones podrían eventualmente ser utilizadas por los participantes en los mercados de capital como medio de sustitución de los sistemas de front y back-office existentes y procesos dentro de la buyside y la sellside.

1. The Blockchain: Capital Markets Use Cases
For more information, please see:
research.greyspark.com
Through the utilisation of
smart contracts, financial
instruments can be
pre-programmed to carry
out corporate actions,
such as payment of bond
coupons or dividends.
Servicing
of Instruments
Since the blockchain is a replicated and
synchronised database of transactions
distributed across a network of users,
manual reconciliation become redundant.
Reconciliation
The blockchain is fundamentally a record
of transaction history, delivering a fully
transparent, accessible transactional
database for governing bodies.
Regulatory Reporting
An individual’s or an entity’s identity can
be stored on the blockchain, ensuring
secure and rapid ID authentication
without the warehousing of sensitive
data at third-party repositories.
Know-your-client
and Anti-money
Laundering Registries
In 2015, the fintech industry is developing blockchain and distributed ledger technology designed to reduce the costs
associated with a variety of front- and back-office processes within capital markets. Banks and buyside firms alike
are actively experimenting with applications for this technology to streamline existing markets infrastructure, reduce
dependency on third-party intermediaries and to reinvent elements of the trade lifecycle.
This report analyses a variety of capital markets use cases for blockchain technology. Specifically,
the report found that, while many market participants are experimenting in 2015 with a variety
of distributed ledger applications, a comprehensive blockchain-based solution that can replicate
and then expand upon existing markets infrastructures has not yet been developed.
Issuance, Ownership and
Transfer of Financial Instruments
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Clearing
and Settlement
On the blockchain, the
entire lifecycle of a trade
– including its execution,
clearing and settlement –
can occur at trade level,
lowering post-trade
latency and reducing
counterparty exposures.
Payments and Remittance
Transactions can occur directly
between two parties on a frictionless
P2P basis. The technology’s
application for overseas transactions
has the potential to reduce risk,
transaction costs and to improve
speed, efficiency and transparency.
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A blockchain-based securities market
allows traders to buy or sell stocks
directly on exchanges or directly to other
market participants in a P2P manner
without the intermediation services
provided by a broker or clearinghouse.