Block chain can very well the single standard for any given insitiution, works great. But, the institution is still stuck in a market with multiple ledger services, including the Null service. So, Larry means to address the sandbox concept, but so far he is stuck in an Overton_window , not allowed to use the semantics.
The central bankers are willing to talk distributed ledger (equal information access) but still not ready to acknowledge the necessity of secure elements, tokenization, multi-currency and price compression.
But the Overton window is expanding rapidly, JPM has jumped into sandbox with both feet. Goldman-Sachs knows it will make the transition. So the central bankers will soon be talking.
One of the most powerful people at the Depository Trust & Clearing Corporation (DTCC) has aired a lofty vision for the future of blockchain and distributed ledger tech.
While he kept the door open to multiple directions going forward during a recent address to the US Treasury Department, the European Central Bank and the Bank of England, he made clear his vision for a single, shared ledger that unites the global financial infrastructure.
Reading from a prepared speech at the third joint workshop, "Setting Global Standards for Granular Data," DTCC vice chairman Larry Thompson described the potential benefits of moving every global derivatives user to a single distributed ledger network.