Blockchain dreams meet processing reality — FT
From the Bank of Canada, via Reuters, on Thursday:
“The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits of a centralized system,” wrote Carolyn Wilkins, senior deputy governor of the Bank of Canada, and Gerry Gaetz, Payments Canada president.
“At its heart, there exists a fundamental inconsistency or tension between a centralized wholesale interbank payment system, as we have now, and the decentralization inherent in DLT.”
Canada experiments with digital dollar on blockchain – FT