Obstacles encountered implementing Hyperledger in Capital Markets sectors
Tech, business, compliance: What are your pain points or primary concerns in implementing your product vision?
- Customer assumption regarding blockchain>cryptocurrency - method for business sectors to understand the strengths and nuances of DLTs. Per 14 Aug 2019 meeting notes: Blockchain and capital markets – need to compartmentalize conversation. Token world – custody, institutional level. Blockchain – to run data and workflows. One obstacle – hard to frame or compartmentalize the conversation. Subgroups – digital securities compartment with its own obstacles separate from running a deal on blockchain where there’s no token. Education and acceptance conversation – invariable Bitcoin – not interested. Anything in the context that helps aid that discussion.
- Interoperability and integration. Capital markets is not a new ecosystem, connecting to existing systems. Data conflicts.
- Tokens, no tokens. Trust, trustless. Contract networks – asset networks. How to bring together, to achieve their potential?
Obstacles in Capital Markets sectors that Hyperledger can offer competitive advantage
Tech, business compliance: If Hyperledger can address these current sector issues, it would be significant.
- Open and accessible. Although potential significant delivery cost.
- AML, KYC, and GDPR 'doable'.
- Digital ecosystem