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The Blockchain Is a Tempting Target for Central Banks

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Blockchain Is voor centrale banken een zeer interessante technologie. Een introductie door George Pickering.

For the past several years, one of the most consistent themes in the world of of central banking has been the ongoing drive to incorporate blockchain technology and cryptocurrencies into the central bankers’ tool kit. The mysterious potential of the blockchain has tempted central banks around the world into a wide range of experiments with the new technology, and in a previous Mises Wire article as recently as late-2016, I discussed the Bank of England’s plan to mint its own Bitcoin-style cryptocurrency for use in inter-bank payments. Although that plan has now been shelved for the foreseeable future, the general overhaul of the Bank of England’s payments systems has continued and moved in new directions, with attempts to incorporate distributed ledger technologies having now taken on a different character.

It was these attempts which led to the recent publication of a report which announced that, when it rolls out its new Real-Time Gross Settlement (RTGS) system, the Bank of England will break with established norms by allowing blockchain-based FinTech firms to access that system.

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Duur: 6:53

Publicatie 9 augustus

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