ECB Paper: Distributed Ledgers Likely to Bring 'Gradual' Change
The European Central Bank (ECB) has published a working paper on blockchain technology, examining its potential role and impact in securities markets. Written by ECB economists Andrea Pinna and Wiebe Ruttenberg, the paper casts a wide net on the various possible market applications and repercussions distributed ledgers could have in the marketplace, while examining different uses for smart contracts within securities market infrastructure. Entitled "Distributed ledger technologies in securities post-trading" and published on 17th April, the report echoes a growing chorus....
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