partnership, set to be announced on Monday, will see the Chamber
of Digital Commerce and the Structured Finance Industry Group
work together on research and other projects, the groups said.
The effort kicked off with the publication of a study looking at
how distributed ledger technology can be deployed to simplify
the securitization market, which despite its size, remains
highly manual and opaque.
According to the study by Deloitte, blockchain could help
increase the certainty of securitization transactions and
improve market transparency, which in turn would lead to better
Blockchain is an immutable shared ledger of transactions that is
maintained by a network of computers, rather than a centralized
authority. As it creates a shared golden source of data, it can
reduce errors and the need for reconciliation.
Financial institutions have been ramping up their investments in
blockchain in the hopes that it can help make some of their
processes more efficient and cheaper to manage.
(Reporting by Anna Irrera; Editing by Cynthia Osterman)
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