Working Paper

Distributed Ledger Technology and Blockchain

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collection.link.213
https://openknowledge.worldbank.org/handle/10986/11866
collection.name.213
Other papers
dc.contributor.author
Natarajan, Harish
dc.contributor.author
Krause, Solvej
dc.contributor.author
Gradstein, Helen
dc.date.accessioned
2017-12-19T21:13:08Z
dc.date.available
2017-12-19T21:13:08Z
dc.date.issued
2017
dc.date.lastModified
2021-09-10T09:38:11Z
dc.description.abstract
The financial sector is currently undergoing a major transformation, brought about by the rapid development and spread of new technologies. The confluence of ‘finance’ and ‘technology’ is often referred to as ‘Fintech’, typically describing companies or innovations that employ new technologies to improve or innovate financial services. ‘Fintech’ developments are seen across all areas of the financial sector, including payments and financial infrastructures, consumer and SMElending, insurance, investment management, and venture financing. This note on distributed ledger technology (DLT) and blockchains is part of a series of short notes that explore new trends and developments in Fintech and analyze their potential relevance for WBG activities. Forthcoming notes in this series will cover marketplace lending, ‘InsureTech’, and other topics. This note outlines the mechanisms, origins, and key characteristics of DLT; the difference between ‘public’ and ‘private’ DLT; the technology’s main advantages, challenges, and risks; relevant examples of DLT applications (with a focus on financial sector applications); and a brief overview of activities by governments, multilateral organization, and other stakeholders in this space. Finally, this note proposes next steps for the World Bank to study and evaluate areas where DLT could potentially be integrated into World Bank financial sector operations.
en
dc.identifier
http://documents.worldbank.org/curated/en/134831513333483951/FinTech-note
dc.identifier.uri
http://hdl.handle.net/10986/29053
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
FinTech Note;No. 1
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
DISTRIBUTED LEDGER TECHNOLOGY
dc.subject
DLT
dc.subject
BLOCKCHAIN
dc.subject
FINANCIAL INCLUSION
dc.subject
DIGITAL CURRENCY
dc.subject
CRYPTOCURRENCY
dc.subject
CONTRACTS
dc.title
Distributed Ledger Technology and Blockchain
en
dc.type
Working Paper
en
okr.crossref.title
Distributed Ledger Technology and Blockchain
okr.date.disclosure
2017-12-15
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Working Paper
okr.docurl
http://documents.worldbank.org/curated/en/134831513333483951/FinTech-note
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/29053
okr.identifier.externaldocumentum
090224b08548445e_2_0
okr.identifier.internaldocumentum
29272269
okr.identifier.report
122075
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/134831513333483951/pdf/WP-PUBLIC-Distributed-Ledger-Technology-and-Blockchain-Fintech-Notes.pdf
en
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Finance and Financial Sector Development :: Financial Intermediation
okr.topic
Finance and Financial Sector Development :: Financial Regulation & Supervision
okr.topic
Finance and Financial Sector Development :: Financial Structures
okr.topic
Information and Communication Technologies :: Information Technology
okr.topic
Science and Technology Development :: Technology Innovation
okr.unit
F&M GP GST2- 2B Incl & Access (GFM2B)

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