Distributed Ledger Technology in Payments, Clearing, and Settlement
Digital innovations in finance, loosely known as fintech, have garnered a great deal of attention across the financial industry. Distributed ledger technology (DLT) is one such innovation that has been cited as a means of transforming payment, clearing, and settlement (PCS) processes, including how...
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| Veröffentlicht in: | Finance and economics discussion series 2018-08, Vol.2016.0 (95) |
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| container_title | Finance and economics discussion series |
| container_volume | 2016.0 |
| creator | Mills, David Wang, Kathy Malone, Brendan Ravi, Anjana Marquardt, Jeff Chen, Clinton Badev, Anton Brezinski, Timothy Fahy, Linda Liao, Kimberley Kargenian, Vanessa Ellithorpe, Max Ng, Wendy Baird, Maria |
| description | Digital innovations in finance, loosely known as fintech, have garnered a great deal of attention across the financial industry. Distributed ledger technology (DLT) is one such innovation that has been cited as a means of transforming payment, clearing, and settlement (PCS) processes, including how funds are transferred and how securities, commodities, and derivatives are cleared and settled. DLT is a term that has been used by the industry in a variety of ways and so does not have a single definition. Because there is a wide spectrum of possible deployments of DLT, this paper will refer to the technology as some combination of components including peer-to-peer networking, distributed data storage, and cryptography that, among other things, can potentially change the way in which the storage, recordkeeping, and transfer of a digital asset is done. |
| doi_str_mv | 10.17016/feds.2016.095 |
| format | Article |
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| source | Business Source Complete |
| title | Distributed Ledger Technology in Payments, Clearing, and Settlement |
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