Central Banking

Decentralised tech will not become the new normal – SNB’s Jordan

SNB chairman Jordan is not sure distributed ledgers will challenge current centralised systems – yet

The chairman of the Swiss National Bank (SNB) has said he does not believe decentralised technology – such as distributed ledgers (DLs) – will become the "new normal".

Thomas Jordan, who spoke at Swift's Sibos conference on September 26, said many existing financial market infrastructures, which are built on "conventional, centralised" models, are already low-cost and meet high safety standards.

"DL technology, meanwhile, has yet to prove it can outperform the existing setup with respect to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account