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" ... 3. Blockchain: Blockchain got its start in the world of cryptocurrency, where the concept of a distributed ledger that’s shared and trusted by multiple parties proved its mettle—so much so that legacy financial institutions such as JPMorgan are now experimenting with it. ... "
" ... Aber is the first dual issued wholesale Central Bank Digital Currency (CBDC) pilot implemented on distributed ledger technology (DLT or blockchain). What distinguishes Aber from all other CBDC pilots in the news are the fact that two central banks and six commercial banks from both countries were involved in the project; further, real money was used. The two central banks involved are Saudi Central Bank (SAMA) and Central Bank of United Arab Emirates (CBUAE). They have a close cultural and financial relationship. ... "
" ... Blockchain is a distributed ledger technology that promises a decentralized, peer-to-peer system, bypassing all the intermediaries (or keeping them honest), resulting in not only reducing time and cost, but also offering a better customer experience. ... "
" ... By sharing a single ledger, companies no longer have to reconcile information as there is a single version of the truth, that removes the costs of humans providing reconciliation and removes the opportunity for costly errors. Furthermore, many of the traditional middlemen that were needed to navigate issuance, trading and settlement (CSDs, CCPs, and some custodians and broker dealers) are no longer needed. That further takes out cost and improves efficiency. ... "