...
Capital markets are close to the ground zero of blockchain adoption: crypto-currencies, which were initially intended for easing digital intended to ease the payment leg of remote transactions between parties. Crypto-currencies have since morphed into an asset class of their own, methods of creating . Creating credit, markets market analysis and forecasting for crypto-currencies has borrowed heavily from existing capital markets theory and practice. Many Distributed Ledger Technology (DLT) based capital markets based use cases and some production systems have been created, both in the permissioned and non-permissioned arenas. The advantages of DLTs, including creation of a mutual source of truth between parties that do not completely trust each other , and automated business logic through smart contracts are drivers for adoption in capital markets. Appropriate levels of transparency between counterparties, traceability and ease of regulatory oversight are additional advantages.
Enterprise adoption has run into multiple challenges: operational deployment at scale across multiple organisations, integration into existing enterprise infrastructure as well as two-way bridges to off-chain data sources are some. Further, the change has to be implemented in a heavily regulated environment consisting of multiple stakeholders from a variety of functions like legal, IT security, compliance and third party risk control. It is the aim of the capital markets SIG to bring together practitioners from all affected business functions to discuss various implementation aspects of the technology as it relates relating to Hyperledger based DLTs. This needs collaboration between business and technology. Both groups need to learn from each other as well as find common ground to solve problems. The mission of the capital markets SIG is to provide such a platform and a safe-space for surfacing solutions and challenges.
1.1. Mission
The Capital Markets Special Interest Group (CMSIG) represents industry professionals working together to study how Hyperledger DLTs interact with capital markets use cases. Issuance and trading of instruments to continued market-making, management of risk, program-trading, standards, regulations, capital requirements, traceability, post trade settlement, custody including corporate actions for capital markets. This group also explores architecture, identity and performance related considerations specific to capital markets and DLTs. Business and technology professionals from the capital markets world come together in this SIG to discuss, brain storm and learn from each other.
1.2. Goals
Under the different topic groups, led by subject matter experts; we will work on documents, diagrams, presentations, implementations or road maps of solutions. For existing projects, as well as outputs please see this link.
As we collaborate, all output will be made available in the open. For ease of discovery by new comers and others, this material will be annotated and labeled with keywords for easy searching. The aim is to If any code is produced, the output will be easily downloadable from open-source . Documentation and deployment will be made as friction-less as possible. SIG members who are in touch with practitioner groups as well as working groups, the technical steering committee and other SIGs will either bring knowledge of methods and practice from such groups or push out our findings to these groups to create synergy in the Hyperledger ecosystem. As we
2. Special Interest Group Title
...
Identifying related proofs of concepts, current pilotpilots, use cases and functional architecture in capital markets;
Sharing stories of successes, failures, opportunities and challenges;
Identifying conferences or other opportunities to connect face to face, as well as submit talks or present as a group at an event.
The CMSIG may form subgroups or task forces to support, emphasize, or promote any of those items listed above. For a further exploration of scope look at this link.
4. Work Products
The initial work products will include a set of documents describing Capital Markets use cases, White Papers, Technical Solutions for blockchain technology. This will be an inventory of example use cases which may suggest Capital Markets applications that are built or could be built using Hyperledger. The Capital Markets-sig may also host in-person meetings as well as presentations to accelerate the Special Interest Group's mission.
...