Nippon Stock Exchange reports: cloud technology is more responsive to capital market than distributed book technology


nnThe Japan Exchange Group recently released a super-book study that compares several of the current DLT programs to illustrate how the technology can improve transaction efficiency and the viability of the technology in financial services. The author mentioned that the secret asset transaction may bring about centralization and transaction performance problems, so the short term or should consider the use of cloud technology for financial services upgrades. However, the current reasonable approach is to continue the DLT technology test, in the interaction with the user to find the right solution to achieve a steady upgrade of financial services.n
nTranslation: Annie_Xun
On the basis of past reports and proof of concept, the Japan Exchange Group (JPX, Japan Exchange Group) issued a new Distributed Document (DLT) work report for the capital market.n
In a report released Thursday, JPX analyzed how different DLTs such as Hyperledger’s Fabric, R3’s Corda, and JP Morgan’s Quorum platform helped companies improve transaction efficiency, many of which revolve around the emerging technology in financial services In the feasibility.n
However, the report elaborates on the pressure that DLT may encounter in detail.n
Including, if you try to use advanced encryption technology for secret asset transfer, block chain nodes may be merged in the cloud, bringing transaction performance problems and centralization risks.n
JPX researchers suggest that financial institutions can try to combine capital markets solutions with existing cloud solutions in the short term. The authors specifically mentioned that Swift was successful in transferring cross-border payments to the cloud through the “GPI, Global Payment Innovation” program.n
Despite these potential problems, the authors still summarize the need to test more DLT in order to achieve its potential benefits.n
The report says:n
n”It is meaningful for new technology users to actively study new technologies and provide feedback to developers on the basis of actual needs.We believe that it is necessary to deploy financial services for new technologies and to steadily upgrade financial services, even if The difference between the new technology and the existing technology is not significant. “n
nAs a result, the report sees JPX as one of the few large financial institutions that wish to publish a licensed block-chain research report from a fair perspective; the authors also say that there is less concern in the field as a result of recent increases in public currency prices.n
JPX has been developing block-chain development, launched in March last year to set up a federated organization to test applications to determine how this platform works in conjunction with real-world applications.n

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