By Pete Harris, Principal, Lighthouse Partners, Inc. and WSBA Perspectives Blog Curator
The Credit Derivatives distributed ledger pilot that DTCC is kicking off is a big deal. If it works, the DTCC will rightfully attract much kudos for its early bet on DLT. If it doesn’t work, then … well … actually, I don’t want to think about that scenario.
Many in the financial markets reckon that 2017 will see participants move from proof-of-concepts (focused on testing some limited functionality) to early pilots (implementing a real-life application in a production environment). That’s going to be a significant step for most, not only because it will mean rounding out functionality so applications are susable, but also getting the apps (and the middleware/systems software stack that supports them) ready to run in an enterprise data center, where they will need to conform to corporate operations standards, security protocols, and be able to scale appropriately. Make no mistake, successful pilots are very important to the widespread usage of DLT.
Many in the financial markets reckon that 2017 will see participants move from proof-of-concepts (focused on testing some limited functionality) to early pilots (implementing a real-life application in a production environment). That’s going to be a significant step for most, not only because it will mean rounding out functionality so applications are susable, but also getting the apps (and the middleware/systems software stack that supports them) ready to run in an enterprise data center, where they will need to conform to corporate operations standards, security protocols, and be able to scale appropriately. Make no mistake, successful pilots are very important to the widespread usage of DLT.
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