Unified ledger could usher in ‘profound’ economic change – BIS
Hyun Song Shin describes single platform for public and private money as “game changer”
The Bank for International Settlements laid out a vision today (June 20) of a “unified ledger” to sit at the heart of the monetary system, offering the potential for “profound” change to the economy.
The idea would unite public and private money on a single ledger, overseen by the central bank. Tokenising bank deposits and central bank money, as well as other assets, could allow “seamless integration” and programmability on one platform.
Hyun Song Shin, head of research at the BIS, said the
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