Central Banking

Pure DLT systems not yet suitable for wholesale payments – Bank of Canada

Bank of Canada
The Bank of Canada is working on plans to modernise the country's payment systems
Photo: Shutterstock

Distributed ledger technology (DLT) is still too inefficient to be a viable alternative to centralised wholesale payments systems, though elements of the technology could still prove useful, researchers at the Bank of Canada say.

The central bank published a report on its ‘Project Jasper’ experiment with DLT on May 25. “A pure stand-alone DLT wholesale payment system is unlikely to match the net benefits of a centralised wholesale payment system,” the researchers write.

A problem for “pure”

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: