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Buku besar terdistribusi dan aset digital untuk pembayaran dan infrastruktur pasar

Distributed ledger technology records transactions on shared ledgers maintained by several parties. On this platform it is examined as a possible basis for tokenised settlement, with attention to finality, governance, interoperability and risiko operasional.

Ajukan pertanyaan Back to STEM foundation of Payments and Market Infrastructure
01Daftar

Distributed ledgers and digital assets for payments and market infrastructure on the record.

Catatan metodeMetode STEM
  1. MetodeBuku besar terdistribusi dan aset digital
  2. PengelolaFintech Nexus
  3. Diterapkan diPembayaran dan Infrastruktur Pasar
  6. Halaman kanonisSTEM Commons
02Permohonan

What distributed ledgers and digital assets does here.

Distributed ledgers and digital assets use shared, replicated records maintained by consensus among participants. They support new forms of payment, asset registration and contracting, with distinct operational and financial risks. In financial stability, cyber and digital resilience and digital public infrastructure, ledger analysis informs how digital asset failures could spill into payments and markets. It supports evaluation of ledgers for transparent registries and aid distribution. The canonical description is on STEM Commons.

Settlement finality on ledgers

Whether and when a transaction on a distributed ledger becomes legally and operationally final is compared with conventional settlement.

Tokenised settlement experiments

Central bank and industry experiments with tokenised money and securities are reviewed for their design and stated findings.

Governance of shared ledgers

Who can change rules, admit participants and fix errors on a shared ledger is examined as a resilience question.

03Uji tekanan

Bagaimana guncangan pada aset menjadi kerugian sistem.

Ekuitas yang hilang dari sistem setelah penularan antarbank, dibandingkan dengan pukulan awal, seiring berubahnya leverage, keterhubungan, dan tingkat pemulihan, yang merupakan inti dari Uji tekananmakroprudensial. Model pengajaran dengan nilai ilustratif yang dinyatakan, bukan prediksi.

Kendali

Penurunan aset eksternal
2.0%
Leverage (aset terhadap ekuitas)
10 kali
Porsi aset antarbank
10%
Pemulihan atas tagihan antarbank
40%
Bank dalam sistem
20
Bank inti
20% bank

Pembacaan

Ekuitas yang hilang akibat guncangan awal
18.0%
Ekuitas yang hilang setelah penularan
45.0%
Ditambahkan oleh penularan (DebtRank)
27.0 poin
Bank yang gagal bayar
0
Angka, metode, dan sumber
PutaranEkuitas sistem yang hilang (%)Bank yang gagal bayar
018.000
128.800
235.280
339.170
441.500
542.900
643.740
744.240
844.550
944.730
1044.840
1144.900
1244.940
1344.960
1444.980
1544.990
1644.990
1745.000
1845.000
1945.000
2045.000
2145.000
2245.000
2345.000
2445.000
2545.000
2645.000
2745.000
2845.000
2945.000
3045.000

Metode

  1. DebtRank Battiston and others (2012), Scientific Reports 2:541
  2. DebtRank Diferensial Bardoscia and others (2015), PLOS ONE 10
  3. Penularan dalam jaringan keuangan Gai and Kapadia (2010), Proc. R. Soc. A 466
  4. Kliring dalam jaringan keuangan Eisenberg and Noe (2001), Management Science 47
  5. Kipas ketidakpastian (Monte Carlo parametrik) Spiegelhalter, Pearson dan Short (2011), Memvisualisasikan ketidakpastian tentang masa depan, Science 333
  6. Sensitivitas satu per satu (tornado) Saltelli and others (2008), Global Sensitivity Analysis: The Primer, Wiley

Data

No observed data enters this model: it runs on the teaching values set by the controls, to be replaced with a programme’s own evidence.

Bagaimana guncangan pada aset menjadi kerugian sistem. Model pengajaran ilustratif: model ini berjalan pada nilai yang ditetapkan oleh kontrol, bukan pada data terukur. Metode: DebtRank (Battiston dkk. (2012), Scientific Reports 2:541); Differential DebtRank (Bardoscia dkk. (2015), PLOS ONE 10); penularan dalam jaringan keuangan (Gai dan Kapadia (2010), Proc. R. Soc. A 466).

Di seluruh enam pilar, dipimpin oleh Nexus Consortium

04Data

Apa yang digunakan metode ini.

Datasets and records used by distributed ledgers and digital assets on this platform, with the role each plays and the label its values carry. Sources are listed in register sumber.

DataPeranLabel
BIS Innovation Hub reportsExperiment designsDILAPORKAN
Legal analyses of finalityLegal certaintyDILAPORKAN
Stablecoin and token disclosuresArrangement termsDINYATAKAN
05Eksposur, kerugian, dan modal

What it means for exposure, loss and capital.

Tampilan eksposur, kerugian, skenario, dan modal yang akan diminta oleh pejabat risiko, otoritas pengawas, atau kementerian keuangan, beserta kerangka pelaporan yang mereka gunakan. Strukturnya mengikuti praktik pengawasan dan aktuaria. Nilai bersifat ilustratif: tidak pernah merupakan harga, peringkat, atau saran.

Saluran transmisi

How a shock in distributed ledgers and digital assets for payments and market infrastructure reaches credit, market, underwriting, liquidity and operational risk, and feeds back.

Channel structure after the Basel Committee’s work on climate-related risk drivers and transmission channels; links shown are typical paths, not estimated exposures.
Skenario iklim NGFS · Network for Greening the Financial SystemIFRS S2 Pengungkapan terkait Iklim · ISSBRekomendasi TCFD · Financial Stability Board TCFDPrinsip-prinsip pengelolaan efektif risiko keuangan terkait iklim · Basel Committee on Banking Supervision
06Validasi

Cara hasil diperiksa.

Protocols and contracts are checked through formal verification, audits and adversarial testing. On-chain data allow independent reconciliation of balances and flows.

PemeriksaanCara pelaksanaannya
Finality statedEach design states its legal and technical finality point
Experiment versus productionExperimental results are not presented as operating Sistem
InteroperabilitasLinks to existing systems are described

Code defects and governance disputes can cause irreversible losses. Links to the traditional financial system are often opaque.

07Keterkaitan

Topik yang bertumpu pada metode ini.

08Pengelolaan

Siapa yang memelihara metode ini.

Fintech Nexus stewards distributed ledgers and digital assets for the Consortium and reviews how it is applied across platforms.

Canonical page: Distributed ledgers and digital assets

09Terhubung

Ke mana halaman ini mengarah di seluruh Konsorsium.

10Pertanyaan

Tanya jawab.

What are the limits of distributed ledgers and digital assets in this field?
Code defects and governance disputes can cause irreversible losses. Links to the traditional financial system are often opaque.
Bagaimana hasil diperiksa?
Protocols and contracts are checked through formal verification, audits and adversarial testing. On-chain data allow independent reconciliation of balances and flows.
Apakah nilai di halaman ini nyata?
The data names, roles and checks are real descriptions of practice. The canvas shows a design of the method’s use, not a run; no result is reported here.
Di mana lagi metode ini diterapkan?
Observatory Halaman metode kanonis mencantumkan setiap platform yang menerapkannya.
LaporanBerkontribusi

Kontribusikan bukti dari halaman ini.

Laporan is the Consortium’s quarterly publication. What you know about this subject can become evidence, a case or a correction in the next edition, credited to you and published under CC BY 4.0 where it is your own work.

Global Risks AlliancePembayaran dan Infrastruktur PasarSistem StrategisSkenario dan Uji Tekanan

Jangan pernah mengirim data pribadi, rincian infrastruktur sensitif, atau apa pun yang tidak berhak Anda bagikan. Kontribusi ditinjau sebelum digunakan. Mengirimkannya tidak memberikan hak kepenulisan atau editorial, dan sponsor tidak pernah membeli sebuah temuan.

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