The UK’s central bank has developed its own Proof of Concept ledger and will make the next version of its interbank payments system compatible with settlement in a distributed ledger.
Deutsche Börse Group actively participates in the blockchain area and aims to explore more new business opportunities with the disruptive technology.
The paper issued by the companies highlights possible advantages and challenges of adopting distributed ledger technologies to financial services.
R3 CEV has unveiled the news on the Blockchain & Distributed Ledger Conference in New York.
The central bank of the UK takes a reasonable approach to a distributed ledger study and adoption.
The UK’s Chief Scientist and Advisor Sir Mark Walport explained in this report that blockchain has the potential to help governance to politicians and leaders of authority.
Thirteen top banks, including Citi, Bank of America and Deutsche Bank, have joined a consortium led by financial tech firm R3 that is developing blockchain technology for the financial industry.