Cross-Chain Bridges: A Potential Solution to Standardising Distributed Ledger Technology in Payment Systems
Vadims Zilnieks,
Ingars Erins
Abstract:Despite standardisation initiatives, the modern financial landscape continues to be characterised by heterogeneous payment systems. This issue persists even with the emergence of distributed ledger technology in the market. Independent groups of developers are producing their own permissioned blockchain solutions without clear directions for standardisation that could be associated to the lack of a clear position from central banks and regulatory organisations regarding these technologies. The unresolved probl… Show more
Set email alert for when this publication receives citations?
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.