1. Aiwaka AdventuresHome
  2. Metaverse Matters

The Reprint of the TIW Project and the Lure of Cloud Technology

• Metaverse Matters • 77 views

On March 11, the reprint of the Transaction Information Warehouse (TIW) project of the American Depository Trust and Clearing Corporation (DTCC) was launched in

The Reprint of the TIW Project and the Lure of Cloud Technology

On March 11, the reprint of the Transaction Information Warehouse (TIW) project of the American Depository Trust and Clearing Corporation (DTCC) was launched in October 2022. The service has been delivered on cloud technology and supports distributed ledger technology (DLT) function at the access layer. However, it seems that no customer is interested in connecting through the latter.

The blockchain access function of the US DTCC transaction information database is “no one cares”

Analysis based on this information:


On March 11, 2022, the American Depository Trust and Clearing Corporation (DTCC) announced the launch of the reprint of its Transaction Information Warehouse (TIW) project. This news has caused a stir in the financial industry, as it is one of the DTCC’s most significant undertakings to date. The TIW project has been established to help DTCC clients comply with regulatory standards by allowing them to keep track of their trade information. The new project has been developed on cloud technology, and it supports distributed ledger technology (DLT) functions at the access layer.

The DTCC’s decision to use cloud technology for the TIW project is a wise move. Cloud technology is scalable, cost-effective, and offers high-quality services. For many years, cloud technology has been gaining traction in the financial sector, as it is seen as a more flexible and dynamic way of handling large amounts of data. Moreover, cloud technology is easy to deploy, and it offers 24/7 availability, which is essential when dealing with global financial markets.

However, it seems that the customers are not interested in connecting through DLT function in the TIW project. This is surprising, given that DLT offers benefits such as transparency, security, and decentralization. DLT has the potential to revolutionize the way financial transactions are conducted and processed. However, DLT still has some limitations, such as scalability issues, lack of standardization, and regulatory uncertainty.

It’s possible that the clients are hesitant to adopt DLT because of these limitations. Some may be reluctant to invest in a new technology that is still in its early stages of development. Alternatively, the clients may simply prefer the simplicity and convenience of cloud technology over the added complexity of blockchain systems.

The message of the DTCC’s TIW project reprint is clear: cloud technology is the way forward for the financial industry. The ease of deployment, scalability, and cost-effectiveness that cloud technology offers is too good to ignore. Although DLT is a game-changing technology, it may take some time for it to become mainstream in the financial sector.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/03/11/the-reprint-of-the-tiw-project-and-the-lure-of-cloud-technology/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/11/2023 15:22
Next 03/11/2023 16:16

Recommended articles