Decentralised tech will not become the new normal – SNB’s Jordan
There is a time and a place for distributed ledgers, says chairman of Switzerland’s SNB
The chairman of the Swiss National Bank (SNB) has said he does not believe decentralised technology – such as distributed ledgers (DLs) – will become the "new normal".
Thomas Jordan, who spoke at Swift's Sibos conference on September 26, said many existing financial market infrastructures, which are built on "conventional, centralised" models, are already low-cost and meet high safety standards.
"DL technology, meanwhile, has yet to prove it can outperform the existing setup with respect to
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