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.
In addition, within the ECB, we have recently established a DLT task force as part of the posttrade harmonisation agenda within the T2S governance framework. Its objective is to assess the potential impact of DLT on harmonisation, from both the T2S and the wider European perspective, with a view to supporting other T2S governance bodies advising the Eurosystem in this respect.