Post-trade financial services company Depository Trust & Clearing Corporation (DTCC), along with Accenture, recently
published a whitepaper on the governance of distributed ledger technology (DLT) networks. The aim is to manage the risk associated with permissioned blockchains and promote enterprise adoption.
“A financial system is only as strong as the governing practices and institutions of its participants,” says an IMF/World Bank paper titled ‘Financial Sector Governance: The Roles of the Public and Private Sectors’.
The document acknowledges that once blockchain technologies mature, there may be opportunities for enterprises to adopt public permissionless networks. In the meantime, permissioned networks require governance in part to establish a common set of standards and practices. And participants need to agree on what happens when there are “unexpected circumstances” or something goes wrong.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
