Third, in the some instances where central banks decide to intervene in the foreign exchange market in pursuit of monetary goals, secrecy may be defensible on the grounds of effectiveness. I shall turn to this issue in the Indian context in somewhat greater detail.
The most important considerations for us when designing the Hyperledger-based prototype were:  1/2  BIS central bankers' speeches  Having a closed – or “permissioned blockchain” – network, where only authorised users can transact on our blockchain network.