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Bank of Canada releases details of Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?

by Anne Ellis | May 31, 2017

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Bank of Canada releases details of Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?, James Chapman, Rod Garratt, Scott Hendry, Andrew McCormack and Wade McMahon, describes a joint endeavour between public and private sectors to explore a wholesale payment system based on distributed ledger technology (DLT). They find that a stand-alone DLT system is unlikely to be as beneficial as a centralized payment system in terms of core operating costs; however, it could increase financial system efficiency as a result of integration with the broader financial market infrastructure.

 

http://www.bankofcanada.ca/wp-content/uploads/2017/05/fsr-june-2017-chapman.pdf