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Digital Wealth Asia Forum 2019 HK - Exclusive Insights - Henri Arslanian - 2

Henri Arslanian of PwC

Dec 2, 2019

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1. Blockchain - what are the real applications and implications in financial services?

Video transcript

1. Blockchain - what are the real applications and implications in financial services?

Well, I think blockchain technology brings a whole world of opportunities in the financial services space. For example, not only can we be able to actually put a lot of existing securities we have on a blockchain network and really simplify a lot of things like we have today, that happened in the post-trade world. For example, if you think about how much time it often takes right now to settle a trade, and the benefits we can get it with blockchain technology. However, where I think we're going to have the biggest opportunity is when we come (to talk) about the tokenisation. For example, today, whenever it is a listed company, whenever we want to do a dividend payment, there's X date, it's difficult to understand who the shareholders are. With having security tokens, which is basically enabling these digital assets who are native on the blockchain, not only we know at all times who the shareholders are, but we can also do corporate actions and dividend payments literally at all times. And we can even move from an era of quarterly annual dividends to actually one that is daily, or even hourly, if we want to. And also is all the compliance requirements, I mean, this really enabled us to really optimise how we do things like KYC, AML on traceability or source of funds, and way more efficiently than we do today.

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