The Bank of England is planning to modernize its Real-Time Gross Settlement system (RTGS) by 2020. The updated version will be compatible with blockchain-based financial technology forms.
A lawmaker in the U.K. published a report giving recommendations about blockchain development to the British government. The report offers appointing Chief Blockchain Officer and an international blockchain competition.
The largest British fund houses joined forces to explore the possibility of the bitcoin technology blockchain to improve the sale of securities.