Blockchain in the Banking Sector: A Review of the Landscape and Opportunities

On January 28, 2022, the Harvard Law School Forum on Corporate Governance published an article written by Cravath partners David J. Kappos, Minh Van Ngo, John D. Buretta, Christopher K. Fargo, Sasha Rosenthal-Larrea and Arvind Ravichandran entitled “Blockchain in the Banking Sector: A Review of the Landscape and Opportunities.” Originally published for Cravath’s clients on November 15, 2021, the article analyzes the potential applications of blockchain most significant to the banking industry, including blockchain‑based currency, lending and clearance and settlement systems. The paper reviews the landscape and potential opportunities, concluding that now is an opportune time for policy makers to provide a clearly delineated regulatory framework that would allow the benefits of blockchain technology to be realized in the United States banking sector.

Please click here to read the article.