HOUSE_OVERSIGHT_025668.jpg
1.24 MB
Extraction Summary
2
People
5
Organizations
0
Locations
0
Events
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Relationships
4
Quotes
Document Information
Type:
Presentation slide / corporate research report
File Size:
1.24 MB
Summary
A Goldman Sachs presentation slide, produced as document HOUSE_OVERSIGHT_025668, detailing the potential applications of blockchain technology. The document outlines two main areas: financial market transactions (specifically reducing settlement times from T+2 to T+0) and identity validation/security (linking identity to payment credentials for anti-money laundering compliance). It concludes with a forecast predicting limited adoption in the next 2-5 years and broader acceptance after 5-10 years.
People (2)
| Name | Role | Context |
|---|---|---|
| Jane G. | Placeholder Name |
Fictional persona used in the 'Identity Validation and Security' diagram to demonstrate digital identity verification.
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| Client XYZ | Placeholder Name |
Generic label for a client in the process diagram.
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Organizations (5)
| Name | Type | Context |
|---|---|---|
| Goldman Sachs |
Creator of the document; Investment Management Division and Global Investment Research mentioned.
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| Investment Strategy Group |
Cited source within Goldman Sachs.
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| US Dept. of State |
Mentioned in diagram as an identity verification source (passport).
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| DMV |
Department of Motor Vehicles, mentioned in diagram as an identity verification source.
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| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT'.
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Key Quotes (4)
"Banks are focused on blockchain technology for post-trade settlement and clearing, with aims to: Streamline equities settlement from T+2 to T+0."Source
HOUSE_OVERSIGHT_025668.jpg
Quote #1
"Goldman Sachs Global Investment Research expects limited blockchain adoption over the next 2-5 years, and broader acceptance after 5-10 years."Source
HOUSE_OVERSIGHT_025668.jpg
Quote #2
"Capital market adoption may take over 10 years, given regulatory oversight and the multitude of participants."Source
HOUSE_OVERSIGHT_025668.jpg
Quote #3
"Potential to securely link identity and payment credentials to a unique individual."Source
HOUSE_OVERSIGHT_025668.jpg
Quote #4
Full Extracted Text
Complete text extracted from the document (1,461 characters)
Blockchain Technology Holds Potential for a Range of Applications
Investment Management Division
Goldman Sachs
Investment Management Division
Goldman Sachs
1. Financial Market Transactions
Current State
T+ 2
Blockchain-Enabled Settlement
T+ 0
Current State
T+ 2
Blockchain-Enabled Settlement
T+ 0
Banks are focused on blockchain technology for post-trade settlement and clearing, with aims to:
✓ Streamline equities settlement from T+2 to T+0.
✓ Streamline equities settlement from T+2 to T+0.
2. Identity Validation and Security
Client XYZ
Jane G. California Driver's License
VERIFIED DMV
Jane G. 1234 4567 8910 1112 Millennium Charge Card
VERIFIED Credit Card Issuer
U.S.A. Passport Jane G.
VERIFIED US Dept. of State
RECOGNIZED Online Retailer
RECOGNIZED Mortgage Lender
Secure Digital Identity
Client XYZ
Jane G. California Driver's License
VERIFIED DMV
Jane G. 1234 4567 8910 1112 Millennium Charge Card
VERIFIED Credit Card Issuer
U.S.A. Passport Jane G.
VERIFIED US Dept. of State
RECOGNIZED Online Retailer
RECOGNIZED Mortgage Lender
Secure Digital Identity
Potential to securely link identity and payment credentials to a unique individual.
✓ Benefit peer-to-peer businesses reliant on counterparty trust.
✓ Streamline compliance and anti-money laundering surveillance.
✓ Benefit peer-to-peer businesses reliant on counterparty trust.
✓ Streamline compliance and anti-money laundering surveillance.
Goldman Sachs Global Investment Research expects limited blockchain adoption over the next 2-5 years, and broader acceptance after 5-10 years.
— Capital market adoption may take over 10 years, given regulatory oversight and the multitude of participants.
— Capital market adoption may take over 10 years, given regulatory oversight and the multitude of participants.
Source: Investment Strategy Group, GS Investment Research, Profiles in Innovation: Blockchain: https://360.qs.com/qs/portal/?st=1&action=action.binary&d=21760456&fn=/document.pdf.
Goldman Sachs & Co LLC, Blockchain, The New Technology of Trust, http://www.goldmansachs.com/our-thinking/pages/blockchain/index.html
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HOUSE_OVERSIGHT_025668
Goldman Sachs & Co LLC, Blockchain, The New Technology of Trust, http://www.goldmansachs.com/our-thinking/pages/blockchain/index.html
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HOUSE_OVERSIGHT_025668
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