Through the deep-dives, a number of characteristics were discovered that should be utilized to identify other high-potential use cases in financial services Through the examination of nine use cases, a set of common characteristics were identified that appeared to be shared by high- potential applications of DLT Characteristics of high-potential use cases Example A shared repository of information is Ledger that stores financial assets in which an owner and owned assets Shared repository used by multiple parties are tracked and shared with other internal/external parties (e.g. regulators and other geographical units) More than one entity generates Payments system collectively managed and maintained by a small group Multiple writers transactions that require of banks, but each bank has millions of end users transacting with their modifications to the shared bank repository Multiple parties within a trade finance arrangement (e.g. importer, Minimal trust A level of mistrust exists between exporter, issuing bank, receiving bank, correspondent banks and entities that generate transactions customs) that do not “trust” each other and, therefore, institute layers of verification and impose collateral requirements One (or multiple) intermediary or a Removing and/or reducing the importance of a central intermediary, Intermediaries central gatekeeper is present to whose primary role is to provide “trust” to the post-trade ecosystem enforce trust Interactionor dependency between A situation in which Alice needs to send funds to Bob, then Bob needs to Transaction transactions is created by different send funds to Charlie. Bob’s transaction is dependent on Alice’s dependencies entities transaction, and one cannot verify Bob’s transaction without checking Alice’s first WORLD ECONOMIC FORUM | 2016 36