With a view to enhance privacy of data sharing, the Bank of England and Chain are examining the DLT system opportunities.
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.
RSCoin, developed in cooperation with two researchers from the University College of London, allows central banks maintaining complete control over monetary supply while providing strong transparency and auditability guarantees.
The central bank of the UK takes a reasonable approach to a distributed ledger study and adoption.
The central bank of the UK announced a contest for the best ideas of using blockchain potential in order to change the society.
Andy Haldane evaluates current economic situation in the world and underlines the potential of blockchain.
Central banks consider implementing “hybrid systems” involving distributed ledger technology of the type currently used to record Bitcoin transactions.