1/3  BIS central bankers' speeches  As Governor Visco recently said, what makes TIPS really unique and unlike any other settlement platform is its distributed architecture in all layers, from application to infrastructure.1 This architecture is based on ‘industry standard’ and open-source software. The design is meant to ensure very high levels of stability that make service interruptions and software bugs very unlikely.
The strengths of this powerful platform lie in its ability to process millions of transactions per day, requiring just a few seconds for each one, and operating all year round with an extremely low environmental impact. The presence of redundant servers allows the settlement engine to process payments without storing any information.