The Benefits of Unified Ledgers in the Foreign Exchange Market

Every 10 to 12 working days, we actually turn over global GDP in terms of the flows. With a unified ledger, what you could do is to have all of their transactions with no FX settlement risk,. Fully programmable, so that you could have it being executed at the same time. But costs are pretty high and market participants just try their luck without the benefit of payment versus payment.