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About the Blockchain

Blockchain is a specific technology in the family of Distributed Ledger Technologies.

Blockchain systems include a linked set of information (blocks) combined with decentralized, redundant data distribution amongst all peers in the network (p2p) and asymmetric encryption for ensuring avoidance of double spending.

DLTs are specific data processing frameworks in which virtual values (e.g. cash or securities, etc.) can be exchanged using a specific communication protocol.

According to studies, DLT will reduce the costs of investment banking by a total of 30%, 70% of which will be accounted for by reporting [McLagan].
Most banks and financial service providers see DLT merely as a tool to reduce some of the infrastructure costs, just as they did with the Internet. This has only affected banks in terms of communication and distribution channels - but the actual business model has remained unchanged due to its function as a trusted third party. Now, however, DLT opens up the possibility that digital assets can be managed and traded directly between peers.
In conclusion, a broad adoption and its time horizon are uncertain and depend on ecosystem, governance, scalability and regulation.

Details

  • Technologically, Distributed Ledger Technology (DLT) is based on asymmetric encryption and distributed networks (P2P).
  • Total venture capital worldwide: $550 million in 2016 (ICOs not included), of which 54.5% in seed phase
  • The average investment amount per VC investment is between 4 and 6 million US dollars.
  • 49% of financing takes place in North America, 20% in Europe, 22% in Asia and just under 5% in Africa and the most active investors are Digital Currency Group, Blockchain Capital and Draper Associates.
  • Concrete projects with DLT are already being carried out.
  • 69% of all banks and financial service providers are already involved or active in Distributed Ledger Technology.
  • The most common forms of engagement are internal proof of concept projects, membership in a consortium, corporate venture capital (CVC) investments or the integration of own projects into own innovation labs (source: Infosys & LTP, 2017).
  • According to a study by Santander, the cost savings through DLT within the banking infrastructure amount to up to 20 billion US dollars by 2022 (FinTech 2.0 Paper).
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More Details for DLT and our portfolio here:

Visit our DLT Page