After nearly five years of experimentation, blockchain has reached an important milestone in financial services. This year, several distributed ledger technology platforms are either running live or preparing to launch. As the industry starts to transition
from its initial stage of research and development to this new phase of operations and growth, it’s time for market participants and technology providers to turn their attention to what comes next: the full integration of blockchain-based systems into the
broader financial market infrastructure.
Beginning in roughly 2017, technology professionals began experimenting with ways to apply blockchain or its underlying distributed ledger technology to financial markets. Although some proponents in the industry and media predicted sweeping, even revolutionary
change, the actual goals of most developers in these early stages were much more modest. They were trying to figure out…