DLT payment, clearing and settlement - an analytical framework by BSI's CPMI

The Committee on Payments and Market Infrastructures of the Bank for International Settlements has published a report on distributed ledger technology in payment clearing and settlement.

It says the report provides an analytical framework for central banks and other authorities to review and analyse the use of distributed ledgers in payment, clearing and settlement activities. Market participants may also find the report useful, it adds.

The framework is described as focusing on the potential implications for efficiency and safety and for the broader financial markets. It is directed primarily at arrangements that involve restricted ledgers (ie access to which is for approved users only), reflecting the main types of arrangement currently being developed in the financial sector, which are of particular interest to the relevant authorities.

For what little it's worth, I personally think the whole blockchain/DLT concept is complete and utter bollocks, a textbook example of a technological solution in search of a problem. About as much use as enabling your fridge to order a bottle of milk...