Distributed Ledger Technology and Blockchain
The financial sector is currently undergoing a major transformation, brought about by the rapid development and spread of new technologies. The confluence of ‘finance’ and ‘technology’ is often referred to as ‘Fintech’, typically describing compani...
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/134831513333483951/FinTech-note http://hdl.handle.net/10986/29053 |
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okr-10986-290532021-09-10T09:38:11Z Distributed Ledger Technology and Blockchain Natarajan, Harish Krause, Solvej Gradstein, Helen DISTRIBUTED LEDGER TECHNOLOGY DLT BLOCKCHAIN FINANCIAL INCLUSION DIGITAL CURRENCY CRYPTOCURRENCY CONTRACTS The financial sector is currently undergoing a major transformation, brought about by the rapid development and spread of new technologies. The confluence of ‘finance’ and ‘technology’ is often referred to as ‘Fintech’, typically describing companies or innovations that employ new technologies to improve or innovate financial services. ‘Fintech’ developments are seen across all areas of the financial sector, including payments and financial infrastructures, consumer and SMElending, insurance, investment management, and venture financing. This note on distributed ledger technology (DLT) and blockchains is part of a series of short notes that explore new trends and developments in Fintech and analyze their potential relevance for WBG activities. Forthcoming notes in this series will cover marketplace lending, ‘InsureTech’, and other topics. This note outlines the mechanisms, origins, and key characteristics of DLT; the difference between ‘public’ and ‘private’ DLT; the technology’s main advantages, challenges, and risks; relevant examples of DLT applications (with a focus on financial sector applications); and a brief overview of activities by governments, multilateral organization, and other stakeholders in this space. Finally, this note proposes next steps for the World Bank to study and evaluate areas where DLT could potentially be integrated into World Bank financial sector operations. 2017-12-19T21:13:08Z 2017-12-19T21:13:08Z 2017 Working Paper http://documents.worldbank.org/curated/en/134831513333483951/FinTech-note http://hdl.handle.net/10986/29053 English FinTech Note;No. 1 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
DISTRIBUTED LEDGER TECHNOLOGY DLT BLOCKCHAIN FINANCIAL INCLUSION DIGITAL CURRENCY CRYPTOCURRENCY CONTRACTS |
| spellingShingle |
DISTRIBUTED LEDGER TECHNOLOGY DLT BLOCKCHAIN FINANCIAL INCLUSION DIGITAL CURRENCY CRYPTOCURRENCY CONTRACTS Natarajan, Harish Krause, Solvej Gradstein, Helen Distributed Ledger Technology and Blockchain |
| relation |
FinTech Note;No. 1 |
| description |
The financial sector is currently
undergoing a major transformation, brought about by the
rapid development and spread of new technologies. The
confluence of ‘finance’ and ‘technology’ is often referred
to as ‘Fintech’, typically describing companies or
innovations that employ new technologies to improve or
innovate financial services. ‘Fintech’ developments are seen
across all areas of the financial sector, including payments
and financial infrastructures, consumer and SMElending,
insurance, investment management, and venture financing.
This note on distributed ledger technology (DLT) and
blockchains is part of a series of short notes that explore
new trends and developments in Fintech and analyze their
potential relevance for WBG activities. Forthcoming notes in
this series will cover marketplace lending, ‘InsureTech’,
and other topics. This note outlines the mechanisms,
origins, and key characteristics of DLT; the difference
between ‘public’ and ‘private’ DLT; the technology’s main
advantages, challenges, and risks; relevant examples of DLT
applications (with a focus on financial sector
applications); and a brief overview of activities by
governments, multilateral organization, and other
stakeholders in this space. Finally, this note proposes next
steps for the World Bank to study and evaluate areas where
DLT could potentially be integrated into World Bank
financial sector operations. |
| format |
Working Paper |
| author |
Natarajan, Harish Krause, Solvej Gradstein, Helen |
| author_facet |
Natarajan, Harish Krause, Solvej Gradstein, Helen |
| author_sort |
Natarajan, Harish |
| title |
Distributed Ledger Technology and Blockchain |
| title_short |
Distributed Ledger Technology and Blockchain |
| title_full |
Distributed Ledger Technology and Blockchain |
| title_fullStr |
Distributed Ledger Technology and Blockchain |
| title_full_unstemmed |
Distributed Ledger Technology and Blockchain |
| title_sort |
distributed ledger technology and blockchain |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/134831513333483951/FinTech-note http://hdl.handle.net/10986/29053 |
| _version_ |
1764468378436632576 |