00905nam a2200157   450000500170000000800410001702000180005803700120007604000130008808400080010110000250010924500960013426000320023030000610026252004240032320251229150840.0251229b        |||||||| |||| 00| 0 eng d  a9780262539876  cTextual  aRTLcRTL  qRTL  aTownsend, Robert M.   aDistributed ledgers: Design and regulation of financial infrastructure and payment systems   aLondonbThe MIT Pressc2020  ax, 223 p. bIncludes bibliographical reference and index  aDistributed ledger technology (DLT) has the potential to transform economic organization and financial structures. In this book, Robert Townsend steps back from the hype and controversy surrounding DLT (and the related, but not synonymous, innovations of blockchain and Bitcoin) to offer an economic analysis of what distributed ledgers can do and a blueprint for the optimal design and regulation of financial systems.