WEF Blockchain Report - Growing Central Bank Interest

Data : 09/04/2019 @ 18:43
Fonte :ADVFN Crypto NewsWire
Titolo : Bitcoin (BTCUSD)
Quotazione : 7967.05000000  -101.77000000 (-1.26%) @ 00:20
Quotazione Bitcoin Grafico

WEF Blockchain Report - Growing Central Bank Interest


Bitcoin Global News (BGN)

April 9, 2019 -- ADVFN Crypto NewsWire -- Published as a contribution project in support of The World Economic Forum, “Central Banks and Distributed Ledger Technology:How are Central Banks Exploring Blockchain Today?”  breaks down exactly what is happening among global financial institutions in regards to blockchain technology and digital currencies. The white paper is expressly an exploration in the field, and does not represent the particular views of the World Economic Forum, the entirety of its Members, Partners or other stakeholders.


Who is experimenting?

Central banks are certainly conducting several research projects and pilots with blockchain technology. But the degree of depth, progress and interest across these efforts has extreme variation. Whereas the Bank of France has already fully deployed blockchain technology, others are only doing surface level research. Other examples:

  • Bank of Canada, Bank of England, and Monetary Authority of Singapore (MAS) have published multiple in-depth research reports and technology pilot projects with DLT

  • Bank of England was the first central bank to publish research on DLT in 2014 - “The economics of digital currencies” and “Innovations in payments technologies and the emergence of digital currencies”

  • Bank of Canada’s Project Jasper and the MAS’s Project Ubin pilots both investigate CBDCs implications on efficiency, performance and resilience in domestic interbank payments

  • The three above mentioned central banks published multilateral research - “Cross-border interbank payments and settlements”

  • European Central Bank (ECB) and Bank of Japan conducted a joint pilot in 2016 - Project Stella explores domestic interbank payments and settlements and rapid interbank trading and settlement of securities for cash via the technology


What is the technology working toward?

The white paper highlights 10 of the most common and important financial areas that could be improved by blockchain related technologies.

  1. Retail central bank digital currency (CBDC) – A central bank-issued digital currency that is operated and settled in a peer-to-peer and decentralized manner, which serves as a complement or substitute for physical cash and traditional bank deposits.

  2. Wholesale central bank digital currency (CBDC) – Central bank-issued digital currency that is available only for commercial banks and clearing houses for the wholesale interbank market.

  3. Interbank securities settlement – Application of blockchain-based digital currency that allows rapid interbank clearing and settlement of securities for cash. Allows two parties trading an asset, such as a security for cash, to conduct the payment for and delivery of the asset simultaneously.

  4. Payment system resiliency and contingency – Used as a back-up domestic interbank payment and settlement system from threats, including technical or network failure, natural disaster, cybercrime, and other threats.

  5. Bond issuance and lifecycle management – Digital bond auction, issuance, or other lifecycle processes, where central banks or government regulators could be “observer nodes.”

  6. Know-your-customer and anti-money-laundering – Digital KYC/AML processes that streamline payments and identity across a myriad of platforms.

  7. Information exchange and data sharing – Alternative systems for information and data sharing between or within related government or private sector institutions.

  8. Trade finance – Decentralized database allowing customer information and transaction histories are shared between participants in the decentralized database while maintaining privacy and confidentiality where needed. 

  9. Cash money supply chain – Issuing, tracking and managing delivery and movement of cash from production facilities to the central bank and commercial bank branches, along with ordering, depositing or movement of funds.

  10. Customer SEPA Creditor Identifier (SCI) provisioning – Blockchain-based decentralized sharing repository for SEPA credit identifiers managed by the central bank and commercial banks in the SEPA debiting scheme.



      By: BGN Editorial Staff

Grafico Azioni Bitcoin (COIN:BTCUSD)

1 Anno : Da Ott 2018 a Ott 2019

Clicca qui per i Grafici di Bitcoin

Grafico Azioni Bitcoin (COIN:BTCUSD)

Oggi : Sabatp 19 Ottobre 2019

Clicca qui per i Grafici di Bitcoin
La tua Cronologia
Monte Pasc..
Euro vs Do..
Le azioni che visualizzerai appariranno in questo riquadro, così potrai facilmente tornare alle quotazioni di tuo interesse.

Registrati ora per creare la tua watchlist personalizzata in tempo reale streaming.

Per accedere al tempo reale push di Borsa è necessario registrarsi.

Accedendo ai servizi offerti da ADVFN, ne si accettano le condizioni generali Termini & Condizioni

P: V:it D:20191018 22:20:51