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). The JPY's research team has been studying blockchain-based technologies for more than two years in order to understand how they can be used as an alternative means of payment or settlement between financial institutions
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.