Netting no problem for blockchain, tech firms tell regulators

Firms say DLT can sit with current market practice, but acknowledge instantaneous settlement not desirable

Slow is best? Some say blockchain's speed could be detrimental to its success in netting

Blockchain technologists are getting used to finding themselves on the back foot. Delays to big-ticket projects, strategy disagreements and a growing volume of legal and operational headaches have conspired to take the shine off a technology banks had hoped could save them billions of dollars.

Now, one of the technology’s supposed key advantages for financial markets – the ability for contracts executed over blockchain to settle in real time, freeing billions of dollars’ worth of capital