CDS Chain

Application of Block Chain:

The CDS Chian to build credit derivatives clearing platform using distributed ledger technology compliment and surround the idea of fintech startup Axoni,technology giant IBM and the R3 blockchain banking consortium.Currently,ICE and DTCC clear around $15 trillion worth of CDS on a daily basis.

It aims to improve its process by revamping its trade Information Warehouse using distributed ledger technology to increase operational efficiencies

CDS (credit Default Swap) are finacial derivatives that help bondholders to hedge themselves against losses in their bond holdings by acting as a form insurances.