© Reuters. Overall supervisor of the Bank for World Settlements Agustín Carstens spoke at the Singapore FinTech Festival on Feb. 22 and described the digital financial infrastructure he believes would finest swimsuit central bankers’ desires. He known as that infrastructure a “unified ledger.”
Carstens compared the theoretical unified ledger with a smartphone, saying they each and each work seamlessly with a diversity of gear. Now not like a smartphone, a unified ledger would absorb launch architecture, alternatively, and would teach programmability and composability; that is, it might probably perchance well perchance bolt and bundle orderly contracts. There are over 2 million apps on hand to smartphone customers, Carstens neatly-known. He mentioned:
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