Blockchain Can Settle US Equity Market Daily Trading Volumes – Report
Cryptovest
Published Oct 17, 2018 11:49AM ET
Updated Oct 17, 2018 01:01PM ET
Blockchain Can Settle US Equity Market Daily Trading Volumes – Report
Blockchain has the capability to offer settlement services for daily trading volumes in the United States equity market, according to a report that the Depository Trust & Clearing Corporation (DTCC) published Tuesday. The company, which is one of the leading global providers of post-trade market infrastructure, ordered the analysis to the multinational consultancy Accenture, and also worked with blockchain companies Digital Asset (DA) and R3 Corda.
The DTCC study covered nineteen weeks and used private commercial blockchains. The results showed that distributed ledger technology (DLT) could support entire trading day’s volume including at peak rates when the activity equates to 115,000,000 daily transactions or 6,300 trades per second for five continuous hours...
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