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BIS Document on Digital Currencies: https://www.bis.org/cpmi/publ/d174.htm
Common Data Model - deriv hack in NYC, London, Singapore. Their model allows for processes and events modeling. They want to extend to post trade settlement for every type of security, not just swaps and derivatives. As part of that, there is a support provided by Digital Assets and R3 to translate between CDM and their own representation of contracts. Vipin will see if they have standards forms that may be relevant for Capital Markets SIG. We could sketch out what we know, ie Issuance. That is a pattern. Can be used as a model and develop a smart contract. Subsequently, for trading or post-trade settlement. Can take simple products which are not complex.
Kelly showed Burrow smart contract examples.
Provenance - trade finance - securitization - possible use case/smart contract.
Manju - use cases related to KYC or AML and trade tiering. Looking at why is the focus on this and not other aspects of Capital Markets. Counter parties involved, especially in compliance. Example: insider trading - individuals who trade on their behalf. How can this use case benefit the overall market.
Muralisr - making insider training more transparent, is this a problem that can be best solved with bc?
Manju - bc will perhaps not solve the problem but may be a value part in solving - trust. All parties involved in insider training, in different organizations, within trusted parties. Banks or different organizations such as accounting firms. Large players. Lack of transparency. Regulatory, hard to track. When a particular event happened, who was involved.
Who will be the right person to push, with enough people benefiting. Also awareness, middle office and back office functions to huge benefit.