More fundamentally, we should consider applying new tokenisation technology to conventional money, rather than in the cryptoasset markets where they were first employed. This technology allows the digital representations of assets on programmable platforms such as blockchains. It could potentially allow payments to be embedded more efficiently and deeply into our increasingly digital economy. When shopping online, payments could be made automatically only once delivery has happened. That could support greater competition as people become more confident using a new online retailer or platform. And in wholesale payments between financial institutions, these technologies could enable faster and cheaper settlement, greater automation of back-office processes, and greater tradability of a wider range of assets.

https://www.ft.com/content/5b4b1837-ee62-4d22-befa-8ce91c918136