Blockchain and Disintermediation

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Much has been written in the last year about Distributed Ledgers, Blockchain and the potential impact that they might have. This article considers the latest advances and the potential “disruptive” impact they might have on existing Financial Market Infrastructures


The Payment Chain & Finality

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After my last post (“Using Distributed Ledgers as a Payment System” – August 3rd), one of the replies I received highlighted the differentiation between payments made in Central Bank Money and those in Commercial Bank Money.   In my response to that point, I highlighted that Payments between Direct Participants in a given Payment System will […]