But as the technology advances, it could have a considerable impact on the financial system too. Blockchain could change securities depository and settlement systems. Some of these financial market infrastructures have already announced their intention to embrace DLT. The Australian Securities Exchange claims it will replace its clearing and settlement systems with a DLT-based solution.
Focusing on development aid, our international colleagues at the World Bank in Washington see great potential for blockchain in emerging markets. And Her Royal Highness Queen Máxima, as the Special Advocate for Inclusive Finance at the United Nations, has underlined the possible benefits of new technologies such as blockchain for financial inclusion. And rightly so. In low-income countries, the financial infrastructure is often shallow.