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Sep 2016 - Business Strategy - Doc # US41733316

Business Strategy: Smart Contracts — Blockchain Connected Smart Contracts in Financial Services

By: Bill Fearnley

Abstract

This IDC Financial Insights report takes a look at the challenges and opportunities that firms face in developing and deploying smart contracts and blockchain distributed ledgers technology (DLT) solutions. Financial firms, counterparties, technology providers, and intermediaries are all looking at smart contracts solutions to help control costs, reduce transaction risks, and improve financial liquidity. We believe the smart contracts and digital ledger technology spaces will be a marathon versus a sprint, given the myriad of technology, legal, and regulatory opportunities and challenges that need to be addressed and solved.

"Smart contracts and blockchain distributed ledger technology are both gaining momentum. Firms are looking to deploy smart contracts to reduce costs, improve data quality and analytics, and improve liquidity through shorter post-trade settlement cycles. This is a huge opportunity for financial services and other vertical markets. Incumbent providers and new entrants are investing in new solutions with the support of financial regulators, and this combination is fueling innovation and smart contract momentum." — Bill Fearnley, research director, IDC Financial Insights


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