Mersch sets out broad questions around distributed ledgers

yves-mersch-bcl
Yves Mersch, ECB

Moving the Eurosystem's market infrastructure onto a distributed ledger would involve issues that stretched beyond the technical capability of the technology, Yves Mersch warned on April 25.

The real-time gross settlement system Target2 enables transactions to be settled in central bank money. Incorporating this onto a distributed ledger would raise questions, he said.

"This may have implications on the central bank functions that go beyond the operational and technical sphere," Mersch, a Europe