The Cambridge Centre for Alternative Finance indicated that 20 percent of central banks surveyed expect to be using blockchain technology by 2019. If central banks issue cryptocurrencies, it allows the public to hold these liabilities in digital form.
This raises the concern of universal accessibility and whether central banks’ settlement accounts should remain available for a limited set of entities, namely banks, or more widely accessed by individuals? Beyond these types of decisions, the consensus by the major central banks that have tested these operations is that distributed ledger technology is not yet mature enough for current adoption.