大摩的区块链专题，英文43页：

Twelve months on, incumbent financial institutions are leading the charge, with potential cost and capital efficiencies as the driver. Proofs of concept proliferate. We expect a gradual change, with smaller, interoperable blockchains most likely to develop.


We present five case studies and assess how far they have progressed against our framework of 10 hurdles: BNY Mellon's government bond settlement, ASX's "industrial scale" proof of concept, Project Ubin in Singapore, Ripple's cross-border payment solutions and Interledger Protocol, and UBS' experiments with Utility Settlement Coin.