Programmability - Revision history

Doug: Add link.

2024-07-30T09:50:02Z

Add link.

← Older revision		Revision as of 09:50, 30 July 2024
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	* [[Central bank money]]		* [[Central bank money]]
	* [[Composability]]		* [[Composability]]
			* [[Contingency]]
	* [[Cryptocurrency]]		* [[Cryptocurrency]]
	* [[Currency]]		* [[Currency]]

Doug: Layout.

2024-07-30T09:48:09Z

Layout.

← Older revision		Revision as of 09:48, 30 July 2024
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	* [[Account]]		* [[Account]]
	* [[Balance sheet]]		* [[Balance sheet]]
			* [[Bank for International Settlements]] (BIS)
	* [[Cash management]]		* [[Cash management]]
	* [[Central bank]]		* [[Central bank]]

Doug: Layout.

2024-07-25T01:02:53Z

Layout.

← Older revision		Revision as of 01:02, 25 July 2024
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	:First, by dispensing with messaging and the reliance on account managers to update records, it provides greater scope for composability, whereby several actions are bundled into one executable package.		:First, by dispensing with messaging and the reliance on account managers to update records, it provides greater scope for composability, whereby several actions are bundled into one executable package.

	:Second, it enables the contingent performance of actions through smart contracts, ie logical statements such as “if,		:Second, it enables the contingent performance of actions through smart contracts, ie logical statements such as “if, then, or else”.
	then, or else”.


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	* [[Smart contract]]		* [[Smart contract]]
	* [[Stablecoin]]		* [[Stablecoin]]
	* [[~~Tokenisation~~]]		* [[Tokenise]]
	* [[Wholesale central bank digital currency]] (wCBDC)		* [[Wholesale central bank digital currency]] (wCBDC)

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	==Other resource==		==Other resource==
	*[https://www.bis.org/publ/arpdf/ar2023e3.pdf Bank for International Settlements (BIS) Annual Economic Report 2023]		*[https://www.bis.org/publ/arpdf/ar2023e3.pdf Bank for International Settlements (BIS) Annual Economic Report 2023]

	~~[[Category:Accounting,_tax_and_regulation]]~~

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

Doug: Create page - source - BIS - https://www.bis.org/publ/arpdf/ar2023e3.pdf

2024-07-25T01:02:09Z

Create page - source - BIS - https://www.bis.org/publ/arpdf/ar2023e3.pdf

New page

''Cash management - treasury - tokenisation - central bank digital currency (CBDC) - distributed ledger - platforms.''

In the context of ledger platforms, programmability means the ability to incorporate contingent instructions that can be executed without human intervention.

:<span style="color:#4B0082">'''''Benefits of programmability'''''</span>

:"Tokenisation – the process of recording claims on financial or real assets that exist on a traditional ledger on a programmable platform – introduces two important capabilities.

:First, by dispensing with messaging and the reliance on account managers to update records, it provides greater scope for composability, whereby several actions are bundled into one executable package.

:Second, it enables the contingent performance of actions through smart contracts, ie logical statements such as “if,
then, or else”.

:By combining composability and contingency, tokenisation makes the conditional performance of actions more readily attainable, even quite complex ones...

:Moreover, programmability allows new types of contingent payment, while certain policy measures (eg capital controls) can be built in from the start."

:''Bank for International Settlements (BIS) Annual Economic Report 2023, pages 89 & 91.''

== See also ==
* [[Account]]
* [[Balance sheet]]
* [[Cash management]]
* [[Central bank]]
* [[Central bank digital currency]] (CBDC)
* [[Central bank money]]
* [[Composability]]
* [[Cryptocurrency]]
* [[Currency]]
* [[Digital currency]]
* [[Distributed ledger]]
* [[Financial asset]]
* [[Helvetia III]]
* [[Infrastructure]]
* [[Money]]
* [[Multi-CBDC arrangement]]
* [[Platform]]
* [[Real asset]]
* [[Reconciliation]]
* [[Reserve]]
* [[Retail central bank digital currency]]
* [[Sight deposits]]
* [[Smart contract]]
* [[Stablecoin]]
* [[Tokenisation]]
* [[Wholesale central bank digital currency]] (wCBDC)

==Other resource==
*[https://www.bis.org/publ/arpdf/ar2023e3.pdf Bank for International Settlements (BIS) Annual Economic Report 2023]

[[Category:Accounting,_tax_and_regulation]]

[[Category:Accounting,_tax_and_regulation]]