BLOCKCHAIN: One of the most powerful people at the Depository Trust & Clearing Corporation (DTCC) has aired a lofty vision for the future of Blockchain and Distributed Ledger Tech..!!

DTCC - BLOCKCHAIN TECHNOLOGY

Credit:coindesk

For someone who has been championing the application of Distributed Ledger Technology to the Global Financial Markets for coming up to 4 years this is massive news.

I have just picked this up in my news feeds and I thought I would share it with you as this is MASSIVE news for the future of Global Financial Markets.

Credit to Coindesk for an excellent article and a well researched piece.

http://www.coindesk.com/dtcc-vice-chairman-calls-single-global-distributed-ledger/

Credit:coindesk

Credit:coindesk

As Financial News goes it does not get any bigger than this..!!

This news cements what I have been banging on about for nearly 4 years now and that Global Financial DERIVATIVES will migrate on to a Global Digital Distributed Ledger (Blockchain) and will for the first time allow the accurate modelling of a Systemic Risk to what has become a huge problem.

For the last 4 years I have been warning that there is not one person on the Planet smart enough to calculate the Systemic Risk of the Global Financial Derivatives Market which now stands at a Notional Value in excess of $1.5 Quadrillion..!!

This migration of these Toxic Financial Derivatives on to the Blockchain is set to have a major influence to the price discovery of all assets, and when I say all assets, I mean ALL ASSETS..!!

This truly is a Global Game Changer of EPIC PROPORTION and I am glad that finally my message is getting across.

For the ones that missed the interview I did with Max Keiser in January 2016 on the application of Global Blockchain Derivatives here is the interview:

Thanks again for reading.

Stephen