Blockchain: From 'Why' to 'What' and Regulating 'How'
Abstract
Blockchain has been the technological darling of the financial press in the last year. Once a niche technology familiar only to bitcoin enthusiasts and journalists, blockchain has captured the interest and infrastructure spend of legislators, regulators, investment banks, financial markets and venture capital funds. The technology behind and justification for blockchains has been comprehensively discussed – the time has now come to move from “why” to “for what” and “how”. In this article we provide an overview of how blockchain can be used in financial markets and consider the regulatory changes required for such a development.