Carolyn Wilkins, deputy governor of the Bank of Canada and a central banking veteran, told us, “We are confident in our paradigm right now, but we understand many paradigms have a shelf life: they’re going to work well for a number of years and then things are going to start to go wrong. You can fix it at the margin first, but eventually you just need to switch to something else.” She believes the blockchain could be that something else. “It’s hard not to be fascinated by something so transformative. This technology is being used in ways that have implications for central banking that span all
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