Skip to main content

Distributed Settlement: Distributed Ledgers for Real-Time Bank Settlements — SAMMANTICS

xxx

The point being that replacing legacy infrastructure with new technology that change how settlement and clearing is done is an inherently complex process (where everything depends on everything else and is what is known as tightly coupled. This means the tolerance for error is low, particularly in times of extreme financial stress. The goal for the finance industry with the help of distributed ledger technology, should be to reduce complexity, lower costs, and enhance stability. So while real time gross settlement is something that is desirable it must be implemented with caution to make sure the above goals are met.

From Distributed Settlement: Distributed Ledgers for Real-Time Bank Settlements — SAMMANTICS

xxx

Comments

Post a Comment

Popular posts from this blog

We could fix mobile security, you know. We don't, but we could

Earlier in the week I blogged about mobile banking security , and I said that in design terms it is best to assume that the internet is in the hands of your enemies. In case you think I was exaggerating… The thieves also provided “free” wireless connections in public places to secretly mine users’ personal information. From Gone in minutes: Chinese cybertheft gangs mine smartphones for bank card data | South China Morning Post Personally, I always use an SSL VPN when connected by wifi (even at home!) but I doubt that most people would ever go to this trouble or take the time to configure a VPN and such like. Anyway, the point is that the internet isn’t secure. And actually SMS isn’t much better, which is why it shouldn’t really be used for securing anything as important as home banking. The report also described how gangs stole mobile security codes – which banks automatically send to card holders’ registered mobile phones to verify online transactions – by using either a Trojan...
Post a Comment
Read more