BlackRock calls for blockchain to fix futures processing snags

Distributed ledger technology (DLT) should be used to mend the operational breakdowns in futures processing seen during the pandemic-induced meltdown of 2020, according to the world’s largest asset manager.

“A DLT-type solution is a perfect example of how you would distribute data and a single source of truth. And that allows us to move away from a model where we essentially have every single participant across the industry replicating and reconciling, and ultimately burning a lot of calories, ”

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