Missing Key to the Future of Finance
What's the missing link to utilizing finance in blockchain?
Welcome back to the Digital Newspaper!
Its Thursday which means we’re back at it with our Deep Dive segment & for this week we’re looking at the financial industry and how Casper is seemingly restructuring the world of finance for DLT through one of the largest standard bodies in the industry.
As you guys may have noticed, we didn’t send out a weekly news & update on Tuesday earlier this week.
This is due to a lack of quality noteworthy news that deserved in depth analysis.
We believe it’s better to bundle what little bits of quality news there were into the Deep Dive section with a brief highlight before officially going into our Deep Dive!
For this week there’ve been only 2 news highlights so far:
With the BIS newest CBDC project there seems to be some heavy ties and similarities with some of the recent trends in CBDCs such as the use of APIs & the Unified Ledger.
Whereas with Ripple’s case seems like a further expansion of potential use cases of Internet speed value transfer via the XRPL.
The goal of this stablecoin is to have it be 100% backed by USD deposits and interoperability across Ethereum too.
With that said, our focus today is on how Casper & ACTUS are secretly building to change how we operate around the world of finance today.
This is done so through the disruption of financial contracts.
Currently financial contracts are nothing more than physical documents that sit in folders of lawyers and legal offices.
Yet they could be so much more with tokenization.
The ACTUS framework is the current financial contract standard with over 98% of modern financial contracts complying to their standard frameworks.
In collaborating with Casper they aim to bring these contracts on-chain for benefits ranging from enhanced efficiency, all the way to enabling a world of new use cases in digital finance.
So without any further delays, let’s dive down the rabbit hole!