Baking a Distributed Ledger Layer Cake in a Data Oven
Much of distributed ledgers’ potential lies in their shared data layer. Yet ledgers’ rapid rise has moved mostly apart from data management and data managers. Tim Bourgaize Murray explores the reasons why, and the possible opportunities within the world of market and reference data management as blockchain and smart contracts gain wider adoption.
As ledgers have achieved heightened relevance and early real applications, data teams remain largely off to the side—and this, industry experts say, could eventually prove problematic as the space matures and grows more complex. At a bare minimum, distributed ledger participants must be able to interface with a ledger successfully and securely, oversee their activities and translate ledger events to the range of relevant (and often function-aligned) systems running in-house. Firms will also want
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