The research report from Swift and Accenture analyses the opportunities and challenges of distributed ledger technology in financial services
SWIFT announces today the availability of a new paper investigating how Distributed Ledger Technologies (DLTs) could be used in financial services. Published in collaboration with Accenture, the paper is based on an in-depth technology assessment by SWIFT of DLT usage across financial institutions, highlighting the opportunities as well as the challenges for industry wide adoption. As a result of the technology assessment, SWIFT and Accenture identified gaps between existing DLT solutions and industry requirements, including eight critical factors that need to be addressed for the technology to achieve industry-wide adoption, which are: Strong governance Data controls Compliance with regulatory requirements Standardisation Identity framework Security and cyber defence Reliability Scalability
