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Central Bankers Have Their Eyes on Blockchain Technology

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Central Bankers Have Their Eyes on Blockchain Technology

Post by Artyom on Wed Apr 19, 2017 3:07 pm

Bitcoin’s emergence has been a wake-up call for the financial industry, where executives and regulators see digital currency and blockchain technology as an opportunity to make systems more efficient by eliminating middlemen. But could it do more than that, and transform global finance entirely?

Let’s get payments right first, say two central bankers—both of whom are focused on translating blockchain technology into new tools for central bankers.

“Payments are the foundation of everything else,” Robleh Ali, a research scientist at MIT and former head of digital currency at the Bank of England, said today on stage at the Business of Blockchain conference, an event organized by MIT Technology Review and the MIT Media Lab.

Source: https://www.technologyreview.com/s/604146/central-bankers-have-their-eyes-on-blockchain/

Artyom

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