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Blockchain-based approaches to the issue of de-risking

By:

Williams, Roger Crane

Material type: Text

TextPublication details: 2017Action note:

8/15/18 SANDRAW

Summary: Posits that blockchain technology appears to have the potential to address the problem of de-risking on two front: a) an appropriately designed blockchain-based settlement network could ease the process of moving funds internationally, by offering tools to improve surveillance of transactions; b) a blockchain-based network would offer Caribbean banks the opportunity to bypass correspondent banks altogether and so reduce transaction costs and increase efficiency.

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Posits that blockchain technology appears to have the potential to address the problem of de-risking on two front: a) an appropriately designed blockchain-based settlement network could ease the process of moving funds internationally, by offering tools to improve surveillance of transactions; b) a blockchain-based network would offer Caribbean banks the opportunity to bypass correspondent banks altogether and so reduce transaction costs and increase efficiency.