Distributed ledger technology (DLT), more commonly called “blockchain”, has captured the imaginations, and wallets, of the financial services ecosystem 24+countries currently Global investing in DLT interest Research Bank 2,500+ patents filed over experimentation 80% of banks predicted to the last 3 years initiate DLT projects by 2017 Consortium DLT activity Venture 90+ corporations have joined efforts capital Over US$ 1.4 billion in blockchain consortia Central investments over the past 3 years banks 90+central banks engaged in DLT discussions worldwide Awareness of DLT has grown rapidly, but significant hurdles remain to large-scale implementation An uncertain and unharmonized Nascent collective An absence of formal legal regulatory environment standardization efforts frameworks WORLD ECONOMIC FORUM | 2016 14