Blockchain faces obstacles to gain investing acceptance
The distributed ledger technology has the potential to upend traditional custody and settlement. But it must overcome some sizeable challenges if it is to achieve this potential.
Blockchain, the distributed ledger technology (DLT) behind bitcoin, is being increasingly viewed as the future backbone of asset settlement and custody. But while the possibilities are exciting, experts say blockchain faces many obstacles before it is likely to enjoy large-scale adoption.
Some are prosaic in nature. Steve Knabl, president of the Association of Independent Asset Managers Singapore, noted an important one: blockchain consumes tremendous amounts of energy. “The numbe…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.