02140cas a2200241 a 4500 AALejournalIMF022390 230101c9999 xx r poo 0 0eng d 5.00 USD 9781616358280 BD-DhAAL BD-DhAAL Bains, Parma. Blockchain Consensus Mechanisms : A Primer for Supervisors / Parma Bains. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (26 pages) <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Technology plays an increasingly important role in financial services. With the pace of technological inno-vation moving ever faster, the role new technology plays in the provision of financial services is becoming increasingly fundamental. New technology can generate efficiencies for firms, lowering costs that can be passed on to end users. It can increase access to financial services and products for consumers, particularly the most vulnerable; however, new technology can also create new risks and unintended consequences that can harm financial stability, consumer protection, and market integrity. This primer is designed for financial supervisors at central banks, regulatory authorities, and government departments. It adds to existing literature by summarizing key aspects of popular consensus mechanisms at a high level, with a specific focus on how such mechanisms may impact the mandates of supervisors and policymakers when deployed in financial services markets. It could also help inform IMF staff on policy development and technical assistance related to crypto assets, stablecoins, and blockchains. Mode of access: Internet Foreign Exchange imf Informal Economy imf Underground Econom imf Full text available on IMF http://elibrary.imf.org/view/journals/063/2022/003/063.2022.issue-003-en.xml IMF e-Library