2017
The Bundesbank published a monthly report, looking at distributed ledger technology (DLT). The Bundesbank's experts investigate whether DLT, which was originally developed for the Bitcoin virtual currency, offers any potential for the financial sector. Their analysis focuses chiefly on what DLT might mean for payments and securities settlement.
The report looks at
- the benefits of DLT;
- the prospects of DLT being applied in payments;
- whether DLT has any potential uses in the settlement of securities; and
- whether the use of DLT could be flanked by the provision of a central bank digital currency.