Welcome to Knowledge Centre
With an increased demand for knowledge sharing, the WFC has created a ‘Knowledge Portal’ that is easily accessible online by the CSD community and its stakeholders. The ‘Knowledge Portal’ will allow members the opportunity to share their experiences and challenges, as well as to provide recommendations to other CSDs internationally.
Several international initiatives completed in the past few years have the goal of maintaining financial stability by strengthening the financial infrastructure. The International Organization of Securities Commissions (IOSCO) has developed the Objectives and Principles of Securities Regulation (IOSCO, 1998) and the Committee on Payment and Settlement Systems (CPSS) of the central banks of the Group of Ten countries has produced the Core Principles for Systemically Important Payment Systems (BIS, 2001). Building on the previous work, the CPSS and the Technical Committee of IOSCO aim to contribute further to this process by jointly issuing these Recommendations for Securities Settlement Systems.
A block chain or blockchain is a distributed database that maintains a continuously-growing list of transaction records hardened against tampering and revision. It consists of data structure blocks—which hold exclusively data in initial blockchain implementations, and both data and programs in some of the more recent implementations—with each block holding batches of individual transactions and the results of any block chain executable. Each block contains a timestamp and information linking it to a previous block. The block chain is seen as the main technical innovation of bitcoin, where it serves as the public ledger of all bitcoin transactions. Bitcoin is peer-to-peer, every user is allowed to connect to the network, send new transactions to it, verify transactions, and create new blocks, which is why it is called permissionless. This original design has been the inspiration for other crypto currencies and distributed databases.