DLT expert: central banks should consider wider uses than just payments
Instead of payments, central banks should look to implement DLT for identity document transfer, says Michael Mainelli
Central banks should stop looking at distributed ledger technology (DLT) through a payment lens and start looking at the benefits it could bring for identity document transfer, the director of think-tank Z/Yen says.
Speaking in an interview with Central Banking before a conference on May 23, Michael Mainelli stressed the greatest value in DLT for central banks would be in how it could create systems for anti-money laundering and know-your-customer initiatives.
“If I had to pick one ‘killer app
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