Currency Quote by Patrick M. Byrne
“Right now, you've got three days between a trade and a settlement, with hundreds of millions in settlement risk tied up in that time. That all goes away in a blockchain system because you've reunited the trade with the settlement. They're not two separate processes.”
About This Quote
Source Speech: Blockchain Conference, 2021
Blockchain can eliminate settlement risk by merging trade and settlement into a single, instantaneous process, removing the need for separate steps.
In simple terms: Blockchain merges trade and settlement, removing risk.
Key Takeaway
Adopt blockchain to streamline transactions.
Themes
finance
technology
risk management
Mood
analytical
optimistic
Type
technical
business
When to use this quote
- trading desks
- settlement operations
- risk assessment
Key Concepts
decentralization
efficiency
Questions to Reflect On
- What barriers exist for blockchain adoption?
- How can firms mitigate transition risks?
A Different Perspective
Implementation costs can be high.
