Date: Thu, 28 Mar 2024 12:06:14 +0000 (UTC)
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L=
ink to FMSIG Obstacles Paper - Draft
Please consider contributing content, headings, or ideas to the paper:=
p>
Draft Paper
Obstacles encountered implementing Hyperledger in=
Capital Markets sectors
Tech, business, compliance: What are your pain points or primary concern=
s in implementing your product vision?
- Customer assumption regarding blockchain>cryptocurrency - method for=
business sectors to understand the strengths and nuances of DLTs. Per 14 A=
ug 2019 meeting notes: Block=
chain and capital markets =E2=80=93 need to compartmentalize conversation. =
Token world =E2=80=93 custody, institutional level. Blockchain =E2=80=93 to=
run data and workflows. One obstacle =E2=80=93 hard to frame or compartmen=
talize the conversation. Subgroups =E2=80=93 digital securities compartment=
with its own obstacles separate from running a deal on blockchain where th=
ere=E2=80=99s no token. Education and acceptance conversation =E2=80=93 inv=
ariable Bitcoin =E2=80=93 not interested. Anything in the context that help=
s aid that discussion.
- Interoperability and integration.=
Capital markets is not a new ecosystem, connecting to existing systems. Da=
ta type/standards conflicts.
- Tokens, no tokens. Trust, trustle=
ss. Contract networks =E2=80=93 asset networks. How to bring together, to a=
chieve their potential?
Obstacles in Capital Markets sectors tha=
t Hyperledger can offer competitive advantage
Tech, business compliance: If Hyperledger can address these current sect=
or issues, it would be significant.
- Open and accessible.
- AML, KYC, MIFID2 and GDPR 'doable' - increase of efficiency from a cost=
, time and reliance/security perspective
- Digital ecosystem.
- Collaboration over competition.
- Rebuilding trust - trusted intermediaries.
- Distributed ledgers potentially reduce costs and transaction times whil=
e improving security, control, resilience, and auditability.
- Smart contracts may model master service agreements or credit support a=
nnexes associated with derivatives instruments and provide ultimate transpa=
rency over contractual terms between counter parties.
Comprehensive survey of ethereum vulnerabilities, may=
be relevant since many of these vectors can apply to any Blockchain.
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