
The outlook on DLT is organized into five thematic clauses (outlooks). Outlook 1: Governance and legal regulation a) Lays out the current picture of the legal framework; b) Analyzes liability in the context of decentralization; and c) Encourages a potential legal framework upgrade for sensible usage of smart contracts. Outlook 2: Computation networks a) How DLTs’ inherent connectivity capability achieves high availability; b) Programmability and smart contracts; c) Ledger data structures for Peer-to-Peer (P2P) in DLT-based networks and their growth. Outlook 3: Identity and privacy a) Identity-proofing technologies required for sustainable resilience and how different trust models impact Know Your Customer (KYC), audit and risk management techniques; b) Privacy implications and instruments. Outlook 4: Security and resilience a) The key element of the context stamp to facilitate the resilient operation of DLT technology; b) The security level of consensus; c) Security verification of smart contracts; d) Quantum-resistant cryptography in DLT. Outlook 5: Risk and audit a) How risks and audit are related; b) Considerations on risk and audit in relation to DLT. c) Security and environmental aspects of DLT operations and how to balance risks.