The SWIFT Institute is offering research teams €15,000 to investigate how bitcoin's underlying distributed ledger technology could impact the global securities ecosystem.
The institute is a financial services research group backed by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), which provides a network for global financial institutions to send and receive information about financial transactions.
Outlining the potential applications of the technology, SWIFT writes:
SWIFT indicated it is interested to learn what the securities transaction lifecycle would look like on a blockchain, whether it would involve intermediaries such as central securities depositories (CSDs) and if any of today's more widely used blockchains could provide a viable solution to the needs of global securities processing.
"What are the implications of having one part of the lifecycle on blockchain (say, clearing and settlement), whilst others may not be on blockchain (say, issuance or trade execution)? What is the impact on incumbents in the transaction lifecycle (eg custodians, CSDs, etc)?" The call for applications asks.
Those who wish to apply must submit a resume and bio and a description of their research project by 7th August.
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