A Blockchain Primer: Separating Hype from Reality

The LSTA was pleased to present:

A BLOCKCHAIN PRIMER: SEPARATING HYPE FROM REALITY

Over the last several years, blockchain and distributed ledger technologies have demonstrated the potential to revolutionize financial markets by increasing efficiency, transparency, and data-security. The blockchain contains within it a verification process which ensures each participant in a transaction possesses the most up-to-date and secure unit of information. Governments, industry groups, emerging Fin Tech firms and traditional financial services companies are investing considerable resources toward exploring and developing blockchain technology across a variety of financial services applications. However, widespread acceptance of blockchain technology will need to overcome complex regulatory challenges, though regulators have made it clear that blockchain technology is likely to play a significant role in the future of the financial markets. Financial institutions utilizing this technology can gain a competitive advantage in this trending space, but need to understand the regulatory challenges they face in order to maximize these advantages. Our experts revisited the basics of blockchain technology, presented an overview of current regulatory and legal issues surrounding distributed ledger technology as well as how it may impact the syndicated loan market.

The session addresssed, amongst other things:

  • How distributed ledger and blockchain technology works, including the differences between public and private ledgers and the benefits and limitation of each
  • How distributed ledger technology can be used by financial market participants to increase efficiency, transparency, and data-security in the marketplace
  • The current regulatory schemes in place regarding distributed ledger technology
  • How U.S. regulators view the potential future of distributed ledger technology
  • Tips for how market participants can utilize distributed ledger technology going forward

Speakers:
Dzmitry Maroz, Specialist Leader, Deloitte & Touche LLP
Stephen J. Obie, Partner, Jones Day

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