Article from The Register about Project Jasper, a proof of concept of a DLT-based wholesale payment system (bitcoin), carried out by Bank of Canada.
The experiment provided insights into the relative strengths and weaknesses of using a distributed ledger technology (DLT) for financial market infrastructures.
The study identified potential for DLT-based wholesale payment systems to deliver benefits if they could be linked in to other financial market infrastructure. "Such benefits may be obtained by integrating other assets on the same ledger as payments – which could greatly simplify collateral pledging and asset sales – reaping economies of scope and reducing costs to participants by integrating back-office systems".
Download the Project Jasper report here.
