Blockchain automation and distributed ledger technology ( hp ) could replace capital market automation and will " represent a paradigm shift to the fifth generation " of IT evolution , according to a working paper published by Japan Exchange Group ( hp ) . DLT has the potential , it states , to transform capital market structure by encouraging new business development , improving operation efficiency , and reducing costs .
Blockchain technology and distributed ledger technology (DLT) could replace capital market infrastructure and will "bring a paradigm shift to the fifth generation" of IT evolution, according to a working paper published by Japan Exchange Group (JPX). DLT has the potential, it states, to transform capital market structure by encouraging new business development, improving operation efficiency, and reducing costs.