Digital identity is a core element of digital commerce and will be central to implementation of the decentralized economy. The inherent qualities of blockchains including hashing, immutability, and transparency can be harnessed to provide a low friction, innovative, and portable solution to areas such as KYC/AML.
The topic of utilities in the capital markets has long been discussed and, indeed, implemented in order to minimize or mutualize cost.
However, traditional utility structures have always brought challenges including achieving a shared vision among the participants, business case, investment, and governance.
Here we explore the structural benefits of a public blockchain solution which may create a new model for a financial utility which offers governance, standards, financial incentives, and multijurisdictional compliance.
For over 20 years, Celent has helped senior executives make confident decisions around their technology strategies to execute at scale.
As the financial services industry rapidly evolves, there is more complexity, with new regulations, startups, technologies, and applications to stay on top of and prioritize. Celent helps you connect this ever-changing puzzle. We offer objective advice and clarity, backed by a database of thousands of solutions and award-winning global best practice use cases. With real-life domain expertise, we also guide you through the maze of emerging tech in the pursuit of value.
Our people, data, insights, and relationships form the foundation for you to use Celent to make confident technology decisions in financial services.
