Blockchain on the brain
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18 February 2016David Easthope
Blockchain technology has been the topic du jour on the conference circuit and in industry newsflow, starting with FinDEVr in San Francisco in 2015 and most recently The Blockchain Conference presented by Lighthouse Partners (and Pete Harris) also in San Francisco. There are now dozens of blockchain-related technology companies vying to attract developers to build new applications across this emerging technology stack. Although we are constantly on the lookout to counter industry marketing hype, the growth in the level of awareness of the blockchain and its potential has been notable. With vendors receiving industry financing, banks creating working groups to test use cases and deploy actual networks with software vendors, and technology companies challenging notions of what constitutes legacy, it appears we are on the cusp of rapid change in the industry. I even saw a swap contract on the blockchain last week. If we were to take a screen shot of capital markets technology and workflow and put it into a digital time capsule and open it in say five to ten years, we will likely consider things like T+0/1/2 and other concepts of settlement or straight-through processing quaint. Equally, our understanding of what the blockchain actually is may look quaint as well. For up to date views from Celent on blockchain, be sure to go to our web page and read this blog. Also, an interesting event coming up will also be DC Blockchain Summit – March 3, 2016, at GeorgetownUniversity. When DC starts paying attention you know that there is more to the story than hype. More info on the DC Blockchain Summit The Chamber of Digital Commerce, in conjunction with Georgetown University, is holding the Capital’s Inaugural Blockchain Conference. Market leading companies from every industry are pioneering with bitcoin, blockchain and distributed ledger technologies to change global finance as we know it. The event brings together the best and brightest minds from industry and government to Washington, DC, to provide thought leadership on the policy challenges facing this disruptive technology.