SWIFT says too early for widespread use of distributed ledger technology

[CityFarmer]

SWIFT's view on the blockchain technology deployments...

SWIFT says too early for widespread use of distributed ledger technology

SINGAPORE (Sept 22): SWIFT, the four-decade old international co-operative that runs messaging system among banks, is calling for a reality check on the buzz surrounding the use of distributed ledger technology, as part of the wider move by start-ups, regulators, investors and banks to be seen on top of the fintech bandwagon.

In a new paper published today, SWIFT says distributed ledger technology (DLT) and smart contracts (SC) are not quite ready for prime time. “The paper recognises that full-scale standardisation of DLT/SC use cases is premature,” says Stephen Lindsay, Head of Standards.

DLT and SC run on so-called blockchain technology, which links up all parties within the same financial system together. Transactions are made sequentially, and the changes are made open for all within the same system to see.
...
http://www.theedgemarkets.com.sg/sg/arti...technology

[CityFarmer]

A relevant survey result on the topic. The technology, is still at its infancy on deployment. Probably 5 years is the reasonable time frame to see major deployment...

APAC still not ready for blockchain: State Street

SINGAPORE (Sept 23): Results from State Street Corporation’s latest survey suggests that  asset owners and managers in Asia Pacific (APAC) are not quite ready to adopt blockchain, despite generally positive sentiments of the technology in general.
...
http://www.theedgemarkets.com.sg/sg/arti...ate-street