World Economic Forum Suggest Blockchain Disruption Represents $867 Trillion Opportunity

pLast Thursday the World Economic Forum released anbspa hrefhttpwwwweforumorgdocsWEFDigitalAssetsDistributedLedgerTechnologypdf targetblankreportanbspon the potential use cases of Distributed Ledger Technology DLT also known as blockchain The monstrous page report highlighted the views of top global experts in financial services policy and technology The report titled quotDigital Assets Distributed Ledger Technology and the Future of Capital Marketsquot explores many of the ways in which capital markets institutions and technology firms are experimenting with or building products enabled by DLT It illustrates how individual DLT use cases may address challenges or inefficiencies in specific markets and shares insights from relevant experts on potential paths forward challenges or enablers for these use casesppOne of the most eyepopping figures in the report was the estimated size of the total global market that may be disrupted by the emergence of DLT technology A Whoppingnbsp trillion While it was clear these experts did not expect these changes to happen overnight it was made abundantly clear that experts around the globe understand that blockchain is here to stay and that the opportunity in this industry is enormousppThe report also discusses in great length the composition of their total market opportunity estimation The trillion figure was comprised ofpulli trillionnbspEquity marketslili trillionnbspDebt marketslili trillionnbspSecuritized productslili trillionnbspDerivativeslili trillionnbspSecurities financing repurchase agreementslili trillionnbspSecurities lendinglili trillionnbspAsset managementfund administrationliulpnbspppstrongWhat This Means For CryptostrongppWith a current market cap of only trillion the report made it abundantly clear how early we all are in the adoption of this new technology It also gives the green light to any financial institutions that are considering building blockchainbased applications and provides a roadmap for those who have already taken the path In short this is an incredibly bullish report that will be widely received by institutions around the worldp