Analysis: Blockchain needs MP3 music moment to win over markets

Published by
Reuters UK

By Huw Jones LONDON (Reuters) – Blockchain needs its own music industry ‘MP3’ moment as fragmented regulation and technology hamper the development of a digital securities industry that could help realise its full potential, industry officials said. Blockchain, or distributed ledger technology (DLT), underpins cryptoassets like bitcoin and allows many parties to access a single version of data at the same time. But extending its application to issuing, trading and settling securities like stocks and bonds requires a common digital format for the securities themselves, said Gerd Hartung, head o…

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