ECB Executive Board Member: Blockchain Tech a Game Changer
Is the hype over distributed ledger technology (DLT) overblown? Not according to Yves Mersch, a member of the European Central Bank (ECB) executive board. Speaking to the Deutsche Bank Transaction Bankers’ Forum in Frankfurt yesterday, Mersch said in his prepared remarks that DLT might not be a panacea for the financial industry’s ailments, but it is certainly not just a flash in the pan. DLT, according to Mersch, could be a game changer. The chance for market infrastructures and financial intermediaries to share a blockchain is unprecedented. DLT has the potential to help certain actors....
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