Enterprise Adoption of Blockchain
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Deutsche Bank is focused on four applications of blockchain technology
- custody of digital assets, in other words, holding cryptocurrencies (such as bitcoin or ethereum) for clients
- asset tokenization of assets such as
- bonds
- private debt
- illiquid assets such as real estate
- digital case, i.e central bank digital currencies or CBDC
- post-trade settlement, aka settlement of securities trades
DB sees three "headwinds" slowing down adoption of blockchain
- lack of regulatory and legal clarity
- lack of development of technology
- concerns about interoperability
Regarding interoperability, they are concerned about two issues
- interoperability among and between different blockchains
- interoperability between (a) banks' legacy technology and (b) blockchain
They are eager to work with Chainlink in part because Chainlink offers a solution to the interoperability problem.
For more, see this interview with Sabih Behzad, head of digital assets and digital currencies at Deutsche Bank