The Future of Decentralized Regulatory Reporting
Blockchain-based regulatory reporting enables real-time, transparent data sharing between firms and regulators. While this could significantly reduce reporting lags and improve accuracy, adoption is hindered by regulatory fragmentation across jurisdictions. The development of common standards and permissioned blockchain architectures may facilitate adoption. Central banks' exploration of CBDCs suggests growing institutional acceptance, but full decentralization faces resistance from regulators who require oversight capabilities.