The use of blockchain considerably reduced the time of entire loan process – from negotiations to signing the loan – from a few days to just a few hours.
The test includes some precise steps, which filter out crypto assets from ICOs that can be termed as securities.
The technology associated with blockhain has been tested for more than 2 years to prove that it meets all of the requirements of Australia’s stock market and is now ready to become the one of wide use.
Findings of analysis of distributed ledger technology conducted by the Bank of Japan (BOJ) and the European Central Bank (ECB) state, that DLT is “immature” to power the world’s biggest payment systems.
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.
The central bank of the UK takes a reasonable approach to a distributed ledger study and adoption.