SMU SKBI Research Fellow and R3 CEV Director of Market Research Mr Tim Swanson said that the biggest challenge when working with banks to design protocols for a working blockchain, the technology underpinning bitcoin, is managing expectations while at the same time pushing to build a working platform as quickly as possible. Mr Swanson noted that member banks are interested in testing the R3 blockchain for a range of applications, including trade financing, processing syndicated loans, the settlement and clearing of over-the-counter derivatives, and marketplace lending. He added that the technology could also assist regulatory monitoring for systemic risks in financial markets by offering regulators a window into real-time data, which they can read and react to and create policy towards.

The Sydney Morning Herald

SUBSCRIBE TO SKBI MAILING LIST*

Be alerted on SKBI news and forthcoming events.

Newsletter checkboxes

*Please note that upon providing your consent to receive marketing communications from SMU, you may withdraw your consent, at any point in time, by sending your request to skbi_enquiries [at] smu.edu.sg (subject: Withdrawal%20consent%20to%20receive%20marketing%20communications%20from%20SMU) . Upon receipt of your withdrawal request, you will cease receiving any marketing communications from SMU, within 30 (thirty) days of such a request.