This chapter describes some of the emergent technologies that could revolutionise the industry. Most notable is the concept of using distributed ledger technology (DLTDLT) to provide standardisation and automation for qualified intermediaries. The conversion of paper documentationdocumentation into non-fungible tokensnon-fungible tokens (NFT) (NFTs) will allow for a much greater degree of automation, particularly within smart contracts that can replicate withholding statements and provide straight through processing (STP) of tax events with no human intervention.

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DLT, NFT, Smart Contracts and AI

  • Ross K. McGill,
  • Kirsty V. Pitkin

摘要

This chapter describes some of the emergent technologies that could revolutionise the industry. Most notable is the concept of using distributed ledger technology (DLTDLT) to provide standardisation and automation for qualified intermediaries. The conversion of paper documentationdocumentation into non-fungible tokensnon-fungible tokens (NFT) (NFTs) will allow for a much greater degree of automation, particularly within smart contracts that can replicate withholding statements and provide straight through processing (STP) of tax events with no human intervention.