22nd February 2023 Digital Bytes

Welcome to this week’s Digital Bytes. This week we have analysis on the following topics:

The scalability of DLTs and blockchains

One of the reasons for not using DLTs and blockchain-powered platforms was that they were considered to be unscalable. However, there are now a number of examples where DLTs/blockchains have been deployed  - indeed, handling huge amounts of data quickly and in a very secure manner. The ability to process and automate transactions using smart contracts has led to the creation of new ways to handle trades in the form of automatic market makers - which could have implications for the way that different securities are traded.

Blockchain interoperability - there are more than 100 blockchains that have varied specifications and serve different use cases, and interoperability refers to the capacity to transfer value between those networks that use the technology freely. Interoperable blockchains enable applications to employ smart contracts on multiple blockchains, a…