The Quantum Ledger - our economic environment

Here is a summary of FSB annual report

(full report is attached if you want to read it)

• Persistent vulnerabilities in the global financial system include elevated asset valuations, private sector debt issues, and emerging market pressures from capital flow volatility.

• Structural changes, including the rise of non-bank financial intermediation (NBFI), cyber risks, and climate-related financial risks, pose additional threats.

Priority Areas and New Initiatives

1. Lessons from March 2023 Banking Turmoil:

AI, especially Generative AI (GenAI) and Large Language Models (LLMs), has seen significant adoption in financial services, primarily for improving operations and regulatory compliance.

(full report is attached if you want to read it)

Developments in AI

• Advances in deep learning, big data, and computational power have driven AI adoption. Technologies like LLMs have transformed text and information processing capabilities.

• AI tools are used across multiple areas such as fraud detection, credit underwriting, and regulatory compliance. However, many financial institutions (FIs) adopt AI cautiously, citing risks related to explainability, governance, and data quality.

Selected Use Cases

Here are some blockchain technologies to look at:

XRP, XLM, XDC, HBAR

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