As distributed ledgers diversify, DTCC will expand projects

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Rob Palatnick, chief technology architect, DTCC

New York-based Depository Trust and Clearing Corporation, which processes hundreds of millions of financial transactions every day, is considering a dozen more pilot programs to use blockchain, in addition to ongoing projects for putting repurchase agreements and credit-default swaps on the new technology.

Robert Palatnick, chief technology architect and managing director at the DTCC’s office in nearby Jersey City, New Jersey, says the firm’s efforts in developing blockchain solutions is as much about trying to ensure continuity in how the technology develops as much as solving particular operational problems…

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