16 September 2016

Distributed Ledger Technology – the next frontier for business standards

MI forum Magazine: our latest article on the application of distributed ledger technology (DLT)

In principle, distributed ledger technologies and smart contracts could lift levels of automation in post-trade processing to new levels by reducing the amount of information that has to be exchanged to settle a transaction, and potentially the number of parties involved as well. The realisation of these benefits depends on standardisation, and ISO 20022 provides the ideal foundation on which to build a viable transition from current to future technologies.

Distributed ledger technology (DLT) and smart contracts (SC) are rich in potential. They promise a complete transformation of automation in the financial services industry. This is why both DLT and SCs are generating lavish interest at financial institutions and technology providers.

DLT offers a single, consistent and shared view of the state of a business process. In principle, this means the technology can eliminate the need to pass information between market participants or counterparties. Individual firms would simply have access to independent copies of exactly the same data in their own systems.

Read the full paper

Distributed Ledger Technology – the next frontier for business standards

Download (80.57 KB)
Last update: 
16 September 2016

Sibos 2016 - MI Forum

  • MI Forum
English

 

Extended reading

Topic

SWIFT Standards

SWIFT develops message standards to support business transactions in the financial market.

Event
Geneva
26 September 2016

Sibos 2016 Geneva

Discover how SWIFT is making real world change for the financial industry
#Sibos

Message

SWIFT for Market Infrastructures at Sibos 2016

Supporting your business, connecting your community

SWIFT Insights

  • Discover the latest trends in financial services
  • Keep up with our news updates
  • Read thought-provoking industry reports
  • Explore global events and webinars
Read more