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Business Strategy: Smart Contracts — Blockchain Connected Smart Contracts in Financial Services

Business Strategy: Smart Contracts — Blockchain Connected Smart Contracts in Financial Services

This IDC Financial Insights report takes a look at the challenges and opportunities that firms face in developing and deploying smart contracts and blockchain distributed ledgers technology (DLT) solutions. Financial firms, counterparties, technology providers, and intermediaries are all looking at smart contracts solutions to help control costs, reduce transaction risks, and improve financial liquidity. We believe the smart contracts and digital ledger technology spaces will be a marathon versus a sprint, given the myriad of technology, legal, and regulatory opportunities and challenges that need to be addressed and solved."Smart contracts and blockchain distributed ledger technology are both gaining momentum. Firms are looking to deploy smart contracts to reduce costs, improve data quality and analytics, and improve liquidity through shorter post-trade settlement cycles. This is a huge opportunity for financial services and other vertical markets. Incumbent providers and new entrants are investing in new solutions with the support of financial regulators, and this combination is fueling innovation and smart contract momentum." — Bill Fearnley, research director, IDC Financial Insights


IDC Financial Insights Opinion
In This Study
Situation Overview
Smart Ordering and Contract-Based Services
Basic Smart Contracts
Multiparty Smart Contracts
Distributed Autonomous Contracts
The Approach
Legal Code
Programming Code
Smart Oracles
Blockchain Ledger
Contract Terms and Conditions
Event Triggers
Contract Execution and Value Transfer
Digital Settlement
Physical Settlement
Future Outlook
Essential Guidance
Actions to Consider
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Related Research
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