21 Mar '16, 6pm

DTCC Open to Business Model Changes in Face of Blockchain Disruption: The company that last year...

DTCC Open to Business Model Changes in Face of Blockchain Disruption: The company that last year...

The company that last year processed $1.6 quadrillion in securities has a lot to lose if it is cut out of the financial food chain. As a result, the Depository Trade & Clearing Corporation (DTCC ) has been working diligently for the past several months to position itself at the center of a wide-range of experiments other companies are conducting with blockchain technology. Instead of fighting against the distributed ledger technology popularized by bitcoin, the DTCC has embraced the new tool and is doing what it can to help define the future architecture of the industry, even if that means changing the company business model. Robert Palatnick, chief technology architect at DTCC, told CoinDesk: "Part of our responsibility of helping the industry to innovate is [looking at] how to bring distributed ledgers into consideration for solving some industry problems. If it means we...

Full article: http://www.coindesk.com/dtcc-open-business-model-blockcha...

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via @CleanTechnica

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