Ludwin: Post-trade clearing and settlement functions will disappear
Adam Ludwin · a16z Podcast | Blockchain vs/and Bitcoin · Jan 2, 2019 · at 12:37
Adam Ludwin, co-founder of enterprise blockchain startup Chain, discusses the long-term impact of cryptographic assets and money over IP on traditional financial infrastructure.
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“So if money moves over IP and all assets move over IP, we don't actually need as many of the clearing and settlement functions that we currently use today. Because they exist For the fact that we're just, you know, today we send digital messages, but then there's a settlement piece after. Well, all that settlement piece after is going away.”
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