A survey on behalf of the International Security Services Association (ISSA) found that 39% of respondents have DLT deployments that are now in production, compared to 32% last year. Despite this, the expected timeframe for the benefits to materialize has become longer term. There’s a significant reduction in those predicting results this year and 61% envisage the full benefits achieved in three or more years.
Seventy percent of the 359 participants were custodian banks, investment banks, exchanges or CSDs and on average these groups saw DLT as 10% more important than last year. At Ledger Insights we’ve seen a significant increase in interest in DLT from asset managers, which was reflected in the survey with a rise of 45% for them and 40% for wealth managers. In contrast, the importance of DLT to insurance firms and pension funds dropped significantly by 50% or more. However, the small number of survey participants from all the groups with high percentage changes means one shouldn’t read too much into this.
Last year there was a 60:40 split in private versus public blockchain deployments. The share of usage of public blockchains continued to grow, reaching 44%. However the vast majority have application permissioning.
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.
