Questions need to be answered before DL technology becomes viable payments option – BoE’s Hauser
Challenges in the payments landscape could be overcome by new technology such as the distributed ledger, says BoE payments executive director
Distributed ledger (DL) technology is unlikely to be integrated into the payments landscape in the near term, as many "big questions" remain unanswered, the executive director for banking, payments and financial resilience at the Bank of England has said.
Speaking at Swift's Sibos conference in Geneva, Andrew Hauser lamented that DL technology was still very much in the "realm of research rather than implementation" but said it could, in the medium to long term, be used to issue central bank
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