Nex Optimisation Launches Post-Trade Platform

The video discusses the integration of blockchain technology in financial services, focusing on its use as a post-trade ledger. It highlights the shift towards cloud technology, driven by regulatory compliance and cost pressures. The video also addresses the challenges of implementing blockchain in finance, such as legal sensitivities and the need for encryption and permissioning. A hub and spoke model is used for data distribution, allowing clients to control data access. The approach differs from traditional blockchain use in cryptocurrencies, emphasizing secure and regulated data management.

What is the primary advantage of using blockchain as a ledger in foreign exchange markets?

• It allows for anonymous transactions.

• It creates a unified data set for all participants.

• It eliminates the need for regulatory compliance.

• It increases transaction speed.

Why are financial institutions moving their IT systems to the cloud?

• To avoid regulatory compliance.

• To reduce costs and improve efficiency.

• To increase in-house data storage.

• To eliminate the need for IT departments.

What is a key benefit of using cloud services like Amazon for financial institutions?

• They are not subject to legal jurisdictions.

• They eliminate the need for data encryption.

• They offer unlimited data storage.

• They provide a cost-effective solution compliant with regulations.

How does the hub-and-spoke model differ from traditional blockchain use?

• It allows for anonymous mining.

• It centralizes data permissioning.

• It eliminates the need for encryption.

• It uses a single blockchain for all clients.

What is the role of a Genesis block in the adapted blockchain model?

• To allow anonymous transactions.

• To eliminate the need for data permissioning.

• To initiate a new blockchain for each client.

• To store all client data in one block.