Blockchain Tech Has Evolved Enough to Meet Some Demands of Financial Markets: RBC Report

Blockchain Tech Has Evolved Enough to Meet Some Demands of Financial Markets: RBC Report
Blockchain technology has evolved enough to meet the critical demands of at “least certain segments in the banking and financial markets,” according to a research note by the Royal Bank of Canada (RBC).”Blockchain offers distinct value propositions: displacing trust with truth; real-time bilateral settlements; real-time servicing; enhanced security; automation; the ability to operate 24/7/365,” according to the note that looks at themes that will define our new future.The bank sees asset-backed securities (ABS) markets, including mortgage-backed securities (MBS), as having a high potential for disruption from blockchain. These types of securities pool together assets such as mortgage loans, auto loans,…