Impact from the blockchain technology on the Nordic capital market

Abstract: This master thesis explores how the blockchain technology might affect the capital market, a market with an established role in our current society. This exploration is conducted by a literature study and an interview study with participants within the capital market, in order to gather several opinions and experiences of the technology. The blockchain technology is a registration technology that provides a high degree of security and the possibility to cut of intermediaries. These are two suitable features for the capital market and especially those sections currently in need for development, for example the post trade area. The blockchain technology will likely develop the capital market but not change its foundation. Within the capital market there are a lot of aspects to consider, regulations are one of them. Currently there are only minor initiatives launched using the blockchain technology, what it will be used for in the future is not determined but all participants in this study agreed on that the technology will affect the capital market in some manner. Even if the technology itself will not succeed it has started a mental process for the actors within the capital market and highlight that they need to develop.