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It's a good thing that DTCC aware of this issue and is looking into accelerating this to T+1 (followed by T+0) using blockchain and distributed ledgers.

https://www.finextra.com/finextra-downloads/newsdocs/embraci...

Edit: No clue why this is downvoted.

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Why is blockchain involved?

To get hype to get funding.

It's a fundamentally better system. It allows all parties to know who owns what assets with extremely high statistical certainty.

How come I know for sure this will fail?

Probably blockchain

They could mitigate by using a quantity of ML and mix in some good old-fashioned Big Data.

As a side note, we need a defined unit for the quantity of hiptech in a software project. I propose one AI (= 100 Microservices).

Better add in some cloud just to be sure and at least one IoT developer for premise security.

Don't forget the eye-of-newt... ;)

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