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First findings from distributed ledger technology test labs

As part of a joint research project called “Stella”, the European Central Bank and the Bank of Japan are investigating the possible use of distributed ledger technology (DLT) in their respective payment systems.

DLT is a set of tools for recording data, such as asset holdings or financial transactions, allowing a network of computers to verify and store updates without a single central management system.

In the first step of their cooperation, the BOJ and the ECB conducted in-depth experiments on whether the liquidity-saving mechanisms of their respective payment systems could be run in a DLT environment in an efficient and safe manner.

Take a look at this short leaflet to discover the first findings of the project. Want to learn more? Read the full Stella report!