While we at the Reserve Bank do not have responsibility for the supervision of financial institutions, we do have an important role in monitoring the financial system as a whole and the economy for financial imbalances that could lead to instability.
In this vein, it will help facilitate a discussion to ensure that potential DLT-based solutions – of a public or industry nature – are interoperable with other market solutions based on DLT. We believe that it will benefit all prospective users of the technology, since public authorities and market participants agree that the big potential of DLT lies in its network effect.