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Barclays Is Pitting Blockchains Against Each Other (For a Cause)

Barclays Is Pitting Blockchains Against Each Other (For a Cause)

“U.K. banking giant Barclays is challenging up-and-coming blockchain coders to help revamp the global derivatives market at a hackathon next month… Those taking part will be asked to apply ISDA’s Common Domain Model (CDM), a set of process and data standards, using their choice of distributed ledger technology (DLT) platform, to efficiently model post-trade processing of derivatives contracts. CDM attempts to harmonize the way data is presented and reported across different firms and platforms. As such, its adoption is widely viewed as a prerequisite for the financial industry to adopt DLT and smart contracts.”

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