Distributed Ledger Technology and the Future of Money and Banking

Abstract Nakamoto, S. (2008). Bitcoin: A peer-to-peer electronic cash system. https://bitcoin.org/bitcoin.pdf outlined an alternative to the current monetary system in which banks are replaced by a issue and transfer digital money: Bitcoin. While Bitcoin has attracted substantial investment volume, not achieved status of viable However, distributed ledger technology (DLT) underlying payment is being applied successfully financial institutions likely have important implications for future money banking. In this paper we therefore focus on most advanced application industry: R3 Corda. This structured as follows. first section, relate debate about systems creation rise Next, development Corda discussed lessons learned reform. We conclude with assessment scope likelihood reform consequence DLT applications central banks.