[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-673504-105":3,"doc-detail-673504-en":72,"detail-sidebar-cat-0-en-105":88},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":65,"head_meta":67,"extra_data":69,"updated_unix":71},105,"en","blockchain-what-you-need-to-know","BLOCKCHAIN - WHAT YOU NEED TO KNOW","","A concise overview of blockchain’s potential to transform financial services, focusing on transactional efficiency, reduced settlement timelines, improved liquidity management, and safer execution of agreements via smart contracts. The text explains how encryption, stronger identity validation, and a shared immutable ledger support fraud resistance, confidentiality, and accurate auditability. It also covers current industry and regulatory challenges, adoption barriers, and Northern Trust’s role in research, experiments, and prototype development.",{"@graph":14,"@context":64},[15,34,55],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/technology/","Technology",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/blockchain-what-you-need-to-know/673504/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/blockchain-what-you-need-to-know/673504.png","ImageObject",300,407,{"name":42,"@type":43},"Ivy","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-11-03","2026-11-02",true,{"@type":52,"interactionType":53,"userInteractionCount":22},"InteractionCounter",{"@type":54},"ViewAction",{"@type":56,"mainEntity":57},"FAQPage",[58],{"name":59,"@type":60,"acceptedAnswer":61},"What makes blockchain useful for reporting, audit, and compliance?","Question",{"text":62,"@type":63},"A shared ledger with commonly validated, unalterable records enables more accurate and timely reporting for business and regulatory purposes. Because updates are unchangeable and auditable, network members can trace past activity accurately.","Answer","https://schema.org",{"og:url":32,"og:type":66,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":68,"canonical":32},"index,follow",{"doc_id":70,"site_id":7},673504,1793647227,{"code":4,"msg":73,"data":74},"success",{"doc_id":70,"user_id":75,"nickname":42,"user_avatar":76,"doc_module":4,"category_id":77,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":78,"file_id":79,"file_url":80,"file_type":81,"file_size":82,"view_count":22,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":33,"language":83,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":84,"faqs":85,"seo_title":86,"seo_description":12,"update_tm":71,"read_time":87},549758252649,"https://ap-avatar.wpscdn.com/avatar/8000253669c5317157?_k=1778319167496531819",6,"BLOCKCHAIN: WHAT YOU NEED TO KNOW  \nNorthern Trust believes blockchain has the potential to drive major industry-wide improvements and opportunities. This is supported by a wider industry view that blockchain technology could significantly change how we interact and conduct financial transactions.  \nHOW MIGHT IT HELP YOU?  \nIn the context of financial services, blockchain could bring about a range of positive improvements for you.  \n• Blockchain could improve transactional efficiency, reduce reconciliations, shorten settlement cycles and make it easier for you to manage liquidity.  \n• Combined with smart contracts – self-executing computer programs that only run if certain conditions have been met – blockchain has the ability to create standard business processes, contract execution and electronic documentation.  \n• Blockchain can add another line of defense to combat fraudulent activity through transaction encryption and improved identity validation (e. g.,“know your customer”/anti-money laundering) on top of existing security measures.  \n• Through a shared ledger containing commonly validated, unalterable records, blockchain can enable more accurate and timely reporting for business and regulatory purposes.  \nNorthern Trust is helping drive the blockchain conversation, contributing to efforts in multiple areas.  \n• Academia – Engagements with Turing Institute, Harvard Law  \n• Associations – Chair of the Association for Financial Markets in  \nEurope’s Future Technologies Working Group, Vice Chair of the Post Trade Executive Committee; Chair of the SWIFT UK Securities Group; advisor to the International Securities Services Association’s FinTech Committee  \n• Regulators/Governments/Central Banks – Working with multiple jurisdictions in both advisory and project capacities  \n• Consortia – Leadership roles in both large (R3 Consortium) and more focused groups.  \nBLOCKCHAIN IN BRIEF  \nThe Context  \nOver the past three years the financial services industry has shown increasing interest in blockchain, a new technology that might help overhaul and reshape traditional banking and securities activities. Blockchain’s seamless capabilities support the secure updating and sharing of ledgers across a trusted network of parties. It also offers the potential to improve efficiency, liquidity management and settlement cycles while reducing financial risk and compliance costs.  \nThe Challenge  \nBlockchain technology developments are progressing at an unprecedented pace. But blockchain still needs to reach a level of maturity where the industry and regulators are confident safe, low-risk implementations can be delivered. Industry adoption will require significant collaboration, new technical and security standards, as well as legal and regulatory adaptation.  \nOur Take  \nNorthern Trust believes blockchain has the potential to drive industry-wide changes to current operating models. As confidence grows in the technology, we expect to see adoption across larger-scale implementations. The increasing industry collaboration required for these developments also will lead to wider-reaching business change. Our participation in industry, regulatory and technology initiatives around blockchain will help us explore how we can better serve clients using this new technology.  \nWHAT DOES BLOCKCHAIN DO?  \nThe excitement around blockchain comes from its seamless, simultaneous integration of transactions, settlements and ledger updates directly between multiple parties. It creates a secure way to share information and conduct transactions without the need for a single, central party to approve them. Only authorized network members have the ability to see details of their own transactions, providing confidentiality and privacy. All updates to the shared ledger are validated and recorded on all participants’shared ledgers, which drives security and accuracy. Because all updates to the ledger are unchangeable and auditable, network members can accurately trace the","cbCaidxCKOiGonLs","https://ap.wps.com/l/cbCaidxCKOiGonLs","pdf",874534,"English","# How might it help you?\n## Blockchain capabilities in financial services\n## Northern Trust’s industry engagement\n# Blockchain in brief\n## The context\n## The challenge\n## Our take\n# What does blockchain do?\n# What can it do for financial services?\n# What more can we expect to see?","[{\"question\":\"What makes blockchain useful for reporting, audit, and compliance?\",\"answer\":\"A shared ledger with commonly validated, unalterable records enables more accurate and timely reporting for business and regulatory purposes. 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