When the world became connected the first thing that was standardized were the banks. And the way the funds were settled between the nations. It was how the BIS formed. And this standard structure makes sure that the connecting banks follow the policies and the standards of the settlement. 

Recently project Pine was created for the central banks and the smart contract was developed around it. And this smart contract was meant to connect monetary policy implementation. This has been under progress in New York bank under Project Pine. 

What this means for the average consumer? This means the international banks are moving away from the centralization. And they are working towards the crypto settlements. But the coin is going ton be the under the control of the international banks settlement control. So more and more banks would use the protocols and policies to settle the funds.

Project Pine is an interesting development. It'd be interesting to see how the banks would connect and build around their products and the tokens. But private chains interfacing with the BIS project pine and asset management would be fun to look at in near future.