Is STP obsolete?

In the ever-evolving landscape of financial technology, one question continues to resonate: Is STP obsolete? STP, or Straight-Through Processing, refers to a method of automated transaction processing that aims to reduce manual intervention and increase efficiency. However, with the advent of blockchain technology and the rise of cryptocurrencies, some argue that STP's traditional role has been overshadowed. Does STP still hold its value in today's digital economy? Or has it become a relic of the past, surpassed by more innovative solutions? The answer, it seems, lies in understanding how STP has adapted to these technological advancements and whether it can still contribute to the modern financial ecosystem.