The Blockchain-Based Solution Poised to Improve Our Financial Lives

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Sandy Kaul is an SVP at Franklin Templeton and the Global Head of Digital Asset and Industry Advisory Services. Her work focuses on how disruptive technologies and innovation are reshaping the trajectory of asset and wealth management.

While advances in blockchain technology and tokenization often grab the headlines, there is a more mundane concept that nevertheless may end up being the single most important piece of future financial industry infrastructure – the digital wallet.

Today, individuals, many small and medium enterprises as well as institutions operate across a fragmented set of financial accounts that each require separate types of paper-based documentation .

Every asset could be custodied for safe-keeping and the cryptographic keys to lock and unlock the wallet either held individually or protected by qualified providers that offer to guarantee and manage the security of the wallet infrastructure.

 

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