Blockchain and payments: Lessons learnt and future prospects
The past 12 months have seen initiatives across the globe further experiment with blockchain technology in pursuit of the holy grail of a production ready Distributed Ledger Technology (DLT) payments solution. Alongside FinTech initiatives, individual banks, central banks and SWIFT have confirmed their interest in DLT, testing the waters with various trials and proof-of-concepts. What are the key takeaways from these initiatives? What role will blockchain play in the future of cross-border payments? And how can we make the future happen?