As an avid reader of Chris Skinner’s excellent blog, his post this morning caught my eye.

According to the post the World Economic Forum has released a report in which they estimate that over $1 trillion in new trade will be created through blockchain-based distributed ledger technologies (DLT) over the next decade. They also estimate it will reduce the global trading gap by $1.5 trillion.

However, they have not considered whether blockchain is feasible or not. Something one of my earlier posts covers https://transanalytics.co.uk/will-blockchain-break-the-bank/

Interestingly, the Hackett report https://www.thehackettgroup.com/wp-content/uploads/2018/07/hackett-us-working-capital-survey-1807.pdf highlights that over $ 1.35 trillion is tied up in wasted processing.

To overcome this one need to look at a new way of realising functionality in financial services. My posts https://transanalytics.co.uk/thoughts-on-banking-from-35000-feet-in-the-air/ and https://transanalytics.co.uk/think-seconds-and-make-billion/ cover this.

https://thefinanser.com/2018/09/next-decade-2-5-trillion-will-generated-blockchain-trade.html/