Please explain exactly how blockchain technology can reduce costs for clearinghouses. Because they're already extremely efficient. There is very little transaction cost left to cut.
Ernst & Young have published some interesting data about the costs of private vs public blockchains, and how they've developed tools built on Ethereum to reduce those costs.
https://www.forbes.com/sites/benjessel/2020/01/06/ernst--you...
https://www.ey.com/Publication/vwLUAssets/ey-total-cost-of-o...