Distributed Ledger Technology and Governance Issues

Explain Distributed Ledger Technology (DLT) and evaluate its strengths and weakness as a payment system in the absence of “central authority and master ledger.”

Name at least two Central Bank Digital Currencies (CBDCs); describe their concept. Identify the merits and demerits of CBCCs as widely available currencies. Your answer should refer to functional, fiscal, and monetary policy issues and incentives pertinent to issuing. The governance of Distributed Ledger Technology (DLT) is as complex as the product itself. What are the key governance issues pertinent to DLT?