How a ledger could change our lives
There has been less noise surrounding cryptocurrencies like Bitcoin and Ethereum in recent months. Nevertheless, our Wealth Management investment strategists are continuing to analyse the underlying technology: blockchain and Distributed Ledger Technology (DLT).
In the latest edition of “CIO Insights Reflections”, the Wealth Management Chief Investment Office joined forces with blockchain experts in Global Transaction Banking to look at how the technology could affect our lives in the future with, for instance, the Internet of Things and Industry 4.0. Both are key future investment topics.
The study includes insights from interviews with leading industry experts at companies such as IBM, ConsenSys, Digital Asset, Hyperledger, uPort and R3.
Even if the limits of the technology have not yet been defined, the authors can confidently make some statements on trends, including:
- The technology behind the decentralised transaction register has the potential to boost trade and prosperity.
- The technology could have a tremendous impact on major areas that influence our everyday life, such as law and regulation, financial services and healthcare.
- The distribution of the ledger means cyber security will become even more crucial in the future.
You can read the publication in full, attached.