Banks that transact on permissionless blockchains or similar distributed ledger technologies (DLTs) face various risks. This paper considers the risks related to operations and security, governance, legal, compliance (including money laundering/financing of terrorism) and settlement finality....

Digital trading apps are evidence of developing open innovations in the financial sector. The investment industry (including banks and brokers) can greatly benefit from the utilization of digital trading applications and corresponding tools, such as smart contracts. The goal of this research...

Digital trading apps are evidence of developing open innovations in the financial sector. The investment industry (including banks and brokers) can greatly benefit from the utilization of digital trading applications and corresponding tools, such as smart contracts. The goal of this research...

Chapter 1 Introduction -- Chapter 2: The Value of Blockchain Consensus -- Chapter 3: Security versus timeliness -- Chapter 4: Permissioned versus permissionless -- Chapter 5: Proof of work versus proof of stake -- Chapter 6: Cryptography versus incentives -- Chapter 7: Rules versus mechanisms.