Unified Ledger for CBDCs, Tokenized Assets Could Enhance Global Financial System, BIS’ Hyun Song Shin Says

“I believe the precise selection of know-how will actually should be determined for that specific use case,” Shin mentioned at a Monday press briefing on the report. “It could possibly be decentralized, like in a permissioned blockchain, however it does not should be. It could possibly be a centralized system as properly the place there’s a rigorous set of controls on knowledge confidentiality, cyber resilience, and so forth.”