Distributed ledger technology (DLT): introduction

José Luis Romero Ugarte

Economic Bulletin, 2018, issue DEC, No 26

Abstract: Distributed ledger technology is attracting the attention of the financial sector, both owing to its use in transactions with crypto-assets and to the proliferation of initiatives which have the potential to increase the efficiency, transparency, speed and resilience of processes underlying financial transactions. This article aims to introduce this technology, describing a series of basic issues surrounding it and attempting to identify opportunities and intrinsic limitations. Additionally, it addresses possible applications in the financial sector and outlines some of the main challenges which its use poses for the authorities.

Keywords: DLT; distributed ledgers; bitcoin; crypto-assets; cryptography; innovation; technology (search for similar items in EconPapers)
JEL-codes: O31 O33 (search for similar items in EconPapers)
Date: 2018
Note: Analytical Articles
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.bde.es/f/webbde/SES/Secciones/Publicac ... /beaa1804-art26e.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bde:journl:y:2018:i:12:d:aa:n:26

Access Statistics for this article

More articles in Economic Bulletin from Banco de España Contact information at EDIRC.
Bibliographic data for series maintained by Ángel Rodríguez. Electronic Dissemination of Information Unit. Research Department. Banco de España ().