The scalability of DLTs and blockchains

Whilst regulators are likely to tighten their grip on the crypto sector, banks and asset managers continue to engage and adopt blockchains and distributed ledger technology-powered platforms. These institutions are dealing with $billions, if not $trillions, on a daily basis so need to be circumspect when using this new technology since they are manging clients’ money. However, many people still lament that, whilst blockchain technology offers greater transparency and can reduce the reliance on many intermediaries, is the technology truly scalable? We are often asked for more examples of organisations using blockchains or DLTs at scale. Well, you need not look any further than multilateral platforms such as Broadbridge, relied on by global institutions to oil the wheels of international trade and commerce. Multilateral platforms themselves are described by the IMF as: “a payment system for cross-border payments that is multi-jurisdictional by design. It can substitute for or operate al…