March 27, 2018
While the range of possible applications of blockchain technology expands weekly if not daily, real-life adoption is far more modest with most projects being in the stage of PoC, testing or even just research.
It’s difficult to say whether blockchain-focused projects are a publicity stunt or grounded in research dedication to a truly transformative change, but an increasing number of institutions continue to express practical interest in the technology. By the end of 2018, it will likely become clear which projects are a pursuit of real change, and which are a marketing exercise.
A Chinese government-led research body has rolled out a blockchain-as-a-service (BaaS) platform for identity and supply chain tracking. The Blockchain Registry Open Platform (BROP), developed by the China Banknote Blockchain Technology Research Institute, is aimed to serve two main purposes: storing static data and recording changes to that data.
Deutsche Börse Group will release a blockchain-based platform for securities lending in collaboration with HQLAx using R3’s Corda Blockchain platform. Using Corda’s blockchain technology, the partners will build a fully integrated front to back operating model to facilitate more efficient collateral management of high-quality liquid assets.
The trading layer will be delivered exclusively by Deutsche Börse’s Eurex Repo platform, which will enable market participants to leverage existing connectivity to the market-leading Eurex Repo service. Deutsche Börse Group will, in addition, assume a lead role in the custody-agnostic, post-trade processing layer, which is designed to interoperate with multiple collateral agents and custodians.
Jointly with our partners, we will address some of the major issues in today’s securities lending markets through innovate means. With the creation of a neutral custody agnostic control layer, Deutsche Börse is embracing distributed ledger technology and complements it with a neutral and trusted market infrastructure role open to multiple custodians and collateral agents. This way Deutsche Börse supports market participants to deal with the global regulatory framework whilst reaping the benefits of the leading edge distributed ledger technology. – Philippe Seyll, Executive Manager at Deutsche Börse Group
When speaking about the upcoming app release at the International FinTech conference in London on March 23, Nathan Bostock, the UK CEO of Santander said:
This spring, if not [sic] one beats us to it, we will be the first large retail bank to carry out cross-border payments at scale with blockchain technology.