Blockchain Catch-upThis is Charles Brett’s start-of-the-week Enterprise Times ‘blockchain catch-up’ 2022-Week 34. Necessarily it is idiosyncratic and selective.

It is not intended to be comprehensive but does seek to highlight ‘Quick Takes’ on specific developments as well interesting pieces to read, a listing of some (not all) announcements/press releases and pointers to upcoming events.

Quick Take(s) – Charles Brett’s Blockchain Catch-up 2022-Week 34

DTCC’S Project Ion platform is now in production, processing 100K transactions a day

The Depository Trust & Clearing Corporation (DTCC) provides post-trade market infrastructure for the financial services industry. It has announced that its Project Ion platform, which is being developed as an alternative settlement platform leveraging distributed ledger technology (DLT), has gone live in a parallel production environment while upholding the firm’s rigorous resiliency and safety standards. The Project Ion platform – built on a private permissioned DLT platform – is now parallel processing an average of over 100K bilateral equity transactions per day, and almost 160K transactions on peak days, with DTCC subsidiary, The Depository Trust Company’s (DTC’s), classic settlement systems remaining the authoritative record.

Quick Take: the significance is that DLT (or blockchain) formally enters the real world. Though the classic settlement system remains the authoritative record, if Project Ion succeeds in production, then it may only be a matter of time before a major post-trade platform transitions to depend on a blockchain as the authoritative record, albeit it a private, permissioned one. A step forward? Or a BIG step forward?

7 pieces to read – Charles Brett’s Blockchain Catch-up 2022-Week 34

Selected announcements/press releases/opinions – Charles Brett’s Blockchain Catch-up 2022-Week 34

  • How blockchain technology is changing the way people invest (opinion)
  • Blockchain means so much more than crypto (opinion)
  • Asset managers have a self-interest in crypto’s future (opinion – behind FT paywall)
  • With the current adoption rate, Bitcoin would be an official currency by the year 2045 (opinion)
  • Chainstack adds Gnosis Chain (announcement)
  • Partisia Blockchain integrates its Mainnet with Polygon, unlocking Unified Smart Contracts-based technology (announcement).

Selected events

  • CordaCon 2022 (27th-28th September, 2022)
  • United World Blockchange Conference 2022 (7th October 2022)
  • Bitcoin Amsterdam (12th-14th October, 2022)
  • LA Blockchain Summit 2022 (1st-3rd November, 2022)
  • Crypto and Digital Assets Summit – Winter Edition (28th November, 2022)
  • Bitcoin Conference (18th-20th May, 2023).


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