Distributed ledgers could impact FMIs, report finds
A Committee on Payments and Market Infrastructures report on digital currencies sees potential for technology to have a ‘much broader application beyond payments’
Distributed ledgers, a key piece of technology underpinning digital currencies, could have wide-ranging implications for financial market infrastructures (FMIs), according to a report from the Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI).
At the heart of bitcoin is a public ledger known as the 'blockchain'. When a user wishes to make a payment, instructions are disseminated across the network, where they are validated by another member of the
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