Like many technologies in the early stages of development, blockchain seems to offer all things to all people. Take for example the various stakeholders in the securities settlement space: 

  • investors want more oversight and control over their securities (but shouldn't see those of other investors) 
  • issuers want to see the end investors (but shouldn't exercise control)
  • banks need access to their clients' information (but not the information of other participants)
  • regulator A wants a complete overview of the information in jurisdiction A (but shouldn't have the same view over jurisdiction B, and shouldn't exercise control over the securities)

Add to this the fact that each stakeholder wants to access information / exercise control in real-time, and designing a 'one size fits all' solution seems impossible. So it will be interesting to see what the market makes of RISE, which touts itself as the 'second generation of blockchain'.