But even if, ultimately, DLT emerged as technically superior in terms of safety and efficiency, we will also have to reflect on the wider implications of the use of this technology for the role of central bank money.
Part 2: Implications of the use of DLT as financial market infrastructure for the central bank Let’s assume for a moment that the Eurosystem’s market infrastructure, i.e. T2 and T2S, is moved to DLT.