Brazil’s central bank creates DLT-based failsafe for RTGS
New system, designed as last line of defence, lacks appropriate privacy, central bank concludes
Brazil’s central bank says it has created a real-time gross settlement (RTGS) system prototype based on distributed ledger technology (DLT). But it notes that the technology currently lacks the privacy requirements for it to be a viable backup solution.
The central bank investigated how DLT could improve the function of the Alternative System for Transactions Settlement (Salt). It had identified three other possible areas for investigation: identity management systems; the Local Currency
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