Blockchain Revolution for Bond Settlement is Not Ready

Read the full story at the below link.

http://www.ttm.news/2016/10/05/blockchain-revolution-for-bond-settlement-is-not-ready/

The case for revolution is easy to state given the remarkably complex and balkanized global system for settling security contracts. Settlement involves the exchange of ownership for payment for a stock or bond after a deal. The model delivers settlement and collateral movements which, though much serene than they were 20 years ago, are still typically measured in days rather than minutes or hours. Tension for a cheaper system, such as near instantaneous settlement of trades, is coming from banks wanting intense expense savings to deliver improved returns on equity to consumers.