Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/336389 
Year of Publication: 
2024
Citation: 
[Journal:] Latin American Journal of Central Banking (LAJCB) [ISSN:] 2666-1438 [Volume:] 5 [Issue:] 1 [Article No.:] 100116 [Year:] 2024 [Pages:] 1-16
Publisher: 
Elsevier, Amsterdam
Abstract: 
Distributed ledger technologies (DLT) are increasingly considered to enhance payment systems' and market infrastructures' functionalities like their accessibility and interoperability. We explore DLT architecture options to enable a new tiered access in the RTGS system of Chile for new payment service providers (PSP). We find that by introducing decentralized apps (DApps) the RTGS system would become more accessible and interoperable by enabling a tiered access to new participants. Our work also suggests that central banks exploring design alternatives for retail Central Bank Digital Currencies (CBDC) could find relevant our approach as a pivot to build a far-reaching PSP network.
Subjects: 
Blockchain
CBDC
Central bank digital currencies
Distributed ledger technology
DLT
Financial market infrastructures
FMIs
Payment service providers
PSPs
Real time gross settlement
RTGS
JEL: 
E41
E58
G10
G20
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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