The first year of the Distributed Ledger Technology (DLT) Pilot Regime focused on integrating blockchain into financial markets, involving financial institutions, tech companies, and regulatory bodies. Key challenges included regulatory uncertainty, interoperability issues among differing blockchain platforms, cybersecurity threats, and scalability concerns. Learnings from this phase emphasize the need for clearer regulatory frameworks, better interoperability standards, advanced security measures, and scalable blockchain solutions to handle high transaction volumes. The insights gained aim to enhance the future integration of blockchain technology in financial markets.
Read in-depth analysis on this topic at: https://theweb3.news/policy/why-is-the-dlt-pilot-regime-system-failing-to-attract-innovators/
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