February 19, 2022
Any rule that moves Settlement time of Transactions of Securities closer to the ideal Settlement time of T+Seconds or, even more ideally, T+0 (Instantaneous Settlement) is worthy of close examination in regards to the method that's used to execute it. So, with that sentiment in mind, it should be proposed that Blockchain technology be considered for the fundamental mechanics used to execute T+0. The sooner a Blockchain system for faster Settlement is developed and integrated, the sooner we'll have a robust and upright market, assuming that the intent of this proposed rule is to stipulate a faster Settlement time in order to create a healthier, more financially trustworthy, and less risky market. It's an easily surveyed truth that Blockchain technology provides transparency (which should be of the utmost importance), speed, efficiency, reliability, security from internal and external attacks, and, ultimately, the mitigation of risk through the benefits formerly listed.