Senior executives from all areas of the financial services sector will address the potential of blockchain and distributed ledger technology (DLT) in financial services during The Blockchain Summit in London on October 10.
Diana Chan, CEO at EuroCCP will join a panel of senior executives at the event on the “Predicting the Future of Blockchain in Financial Services” panel. Chan and fellow panellists will discuss a number of topics, including, but not limited to:
- Issues blockchain applications can realistically solve.
- The driving force behind blockchain investment in the financial services industry.
- The cost of not investing in blockchain.
- Blockchain’s impact on the established business models of financial institutions.
- Adoption timeframes across different areas of financial services.
Serving on the panel with Chan will be Fredrik Ekström, President Nasdaq Clearing; Richard Herbert, Chief Information Officer, Global Banking and Markets, HSBC; and Jonathan Vaux, Executive Director of New Digital Payments and Strategy, VISA Europe.
Chan’s article, “Moving from T+2 to T-instant,” published in Financial News a year ago encapsulates the hopes that many market participants pin on the new technology. In the meantime, most of the discussions about blockchain are still more about how the technology could deliver benefits than about the conditions that need to exist before the technology could be successfully applied and widely adopted.
“The technology could be especially useful for transactions that are not already well-served by market infrastructures,” Chan said. “There are many types of transactions where the technology could be used to make authenticated records widely available in a secure manner.”
“The real question is what has prevented these ideas from being implemented so far, and what is needed in addition to the new technology for them to be widely adopted,” she added. “There is more to be discussed at the conference and I look forward to the opportunity to share opinions with industry experts and to hear what concerns people most.”
EuroCCP is equally owned by Bats Europe, Nasdaq, ABN AMRO Clearing Bank and The Depository Trust & Clearing Corporation (DTCC).