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Chainlink, 24 Institutions Unveil AI–blockchain (distributed ledger technology) Asset-Servicing Standard—Target $58B+ Post-Trade Inefficiencies

The unified standard uses artificial intelligence (AI) and blockchain (distributed ledger technology) to streamline asset servicing and aims to remove more than $58 billion in annual post-trade inefficiencies.

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Terms & Concepts
  • Blockchain: A distributed ledger technology that records transactions across computers.
  • Post-trade: The processes after a trade, including clearing, settlement, and reconciliation.
  • Asset-servicing standard: A common framework for handling operational tasks around financial assets.