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Permissionless Blockchain in Financial Services
Explore how blockchain is reshaping the financial services landscape with insights from our roundtable discussion at the Point Zero Forum.
Web3 and blockchain technology are transforming the financial services landscape. Although many institutions have prioritised private ledgers, interest in decentralised models like permissionless blockchain is growing due to their potential for enhanced transparency, liquidity, and security.
Following a roundtable discussion at the Point Zero Forum, we published a whitepaper titled Permissionless Blockchain in Financial Services, exploring how decentralised blockchain can drive transparency, liquidity, and security in finance, along with the steps needed for wider adoption.
Key topics from the paper
- The state of blockchain in finance: An overview of how Web3 and blockchain technology are reshaping the financial services landscape, from private ledgers to emerging decentralised models.
- Key benefits of permissionless blockchains: Insights into the advantages of permissionless blockchains, such as enhanced transparency, liquidity, security, and the potential to democratise finance.
- Challenges to adoption: An exploration of key hurdles for broader industry adoption, including settlement finality, compliance, cost and interoperability.
- Recommendations for broader adoption: Strategic action points to overcome existing challenges, from enhancing international collaboration and setting clear regulatory requirements to embracing innovation and seizing the current momentum.
