The ecb is looking at a combination of distributed ledger technology and existing infrastructure for improving interbank settlements, according to board member Fabio Panetta. By camomileshumba
The European Central Bank is looking at"the potential" of distributed ledger technology in improving the efficiency of interbank settlements, said Fabio Panetta, a member of the executive board at the ECB.
After listing the many benefits of DLT, Panetta also highlighted some drawbacks, and made a case for a system that builds on the ECB's existing infrastructure for wholesale settlements, instead of building a new one based entirely on DLT.is a decentralized database that is maintained and updated independently by individual participants in a large network.
"But wholesale CBDC is not synonymous with DLT, as it can be based on any digital technology," Panetta, who is a
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