Distributed Ledger Technology: Hybrid Approach
Foreword
Introduction
Part 1: What the Infrastructure Needs to do
Trades and Products
Where do Trades Come From?
The Purpose of the Infrastructure
Typical Infrastructure
Part 2: The Problems with Trade Processing Infrastructure
The Problems
The Evolution of Technical Complexity
The Regulatory Challenges
The Complexity Cycle
Part 3: Historic Approaches to Transformation
BAU/Incremental Change
Front-to-back Re-engineering
Functionalisation, aka “Factories”
Front-to-back Systems
The Golden Middle
Simplification
Part 4: New Approaches to Infrastructure
Digital
Cloud and Utilities
Artificial Intelligence and Robotics
Big Data and Analytics
Blockchain/Distributed Ledger Technology
Distributed Ledger Technology: Hybrid Approach
Nirvana?
“Forty-two!” yelled Loonquawl. “Is that all you’ve got to show for seven and a half million years’ work?”
“I checked it very thoroughly,” said the computer, “and that quite definitely is the answer. I think the problem, to be quite honest with you, is that you’ve never actually known what the question is.”
“But it was the Great Question! The Ultimate Question of Life, the Universe and Everything!” howled Loonquawl.
“Yes,” said Deep Thought with the air of one who suffers fools gladly, “but what actually is it?”
A slow stupefied silence crept over the men as they stared at the computer and then at each other.
“Well, you know, it’s just Everything … Everything …” offered Phouchg weakly.
“Exactly!” said Deep Thought. “So once you do know what the question actually is, you’ll know what the answer means.”
– Douglas Adams, The Hitchhiker’s Guide to the Galaxy
In The Hitchhiker’s Guide to the Galaxy, Douglas Adams described the building of a great computer, Deep Thought, to provide the answer to the Ultimate Question of Life, the Universe and Everything. After millions of years’ work it produced the answer 42, whose meaninglessness was only explained by the
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