The Financial Conduct Authority (FCA) has published a discussion paper on distributed ledger
technology (DLT) (DP17/3) which closes for comment on 17 July
2017.
What is DLT?
DLT is a rapidly developing technology which offers the
potential to support consumer needs in financial services markets.
DLT is a recent technological advancement that has gained
increasing attention over the last few years. It combines various
existing tools such as shared databases, cryptography and
peer-to-peer networking to offer firms the ability to share data
efficiently and securely.
What benefits does DLT bring?
DLT has the potential to provide various benefits for regulated
markets. These benefits are likely to emerge in sectors where
multiple participants need to share data or processes safely. DLT
also removes the need for certain intermediaries, increases the
speed of reconciliation and reduces costs. Regulated firms have
invested resources in using this technology to provide
