Blockchain Standards Will Bring Widespread Adoption Among Capital Markets Firms

The technology will benefit industry participants the most as a record-keeping network, according to panelists at the recent Sifma Fintech Conference in New York.

blockchain with lock

Developing standards for interoperability and making sure smart contracts are robust may be the key to widespread adoption of blockchain, panelists at a recent conference said.

Blockchain—seen as a new way to trade assets and an avenue to provide better record-keeping—is now on the production end of the hype cycle and it is up to the financial industry, developers and regulators to work together and determine minimum standards, according to speakers at the Sifma Fintech Conference in New York.

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