NEW: A project by BIS_org and bankofengland has successfully tested the use of distributed ledger technology in settling large interbank transactions on RTGS systems. iamsandali reports
The Bank of England ran"Project Meridian" through the Bank for International Settlements' London innovation hub to build a prototype that could potentially speed up and reduce costs of transactions in central bank Real-Time Gross Settlement systems.
The project used DLT to link the central bank’s RTGS system"with other financial market infrastructures and ledgers automatically orchestrating the exchange in ownership of funds and assets in a resilient and secure way," according to a statement issued by BIS, which groups the world's central banks.
DLT systems that help keep records of and verify crypto transactions have inspired innovation in traditional finance, with banks around the world exploring how the technology could potentially improve the efficiency of interbank transactions or even power digital versions of sovereign currencies. However,Meridian is one of
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Morning Bid: Central banks on pause patrolA look at the day ahead in Asian markets from Jamie McGeever.
Baca lebih lajut »
RBA minutes: Australia's central bank actively considered April rate hike before deciding on pauseRBA minutes: Australia's central bank actively considered April rate hike before deciding on pause – by fx_ross RBA AUDUSD Currencies CentralBanks
Baca lebih lajut »
Australia's central bank actively considered April rate hike before deciding on pauseThe decision not to hike was a close call, as a surprise surge in migration and pay rises for public workers added to the case for more action, minutes showed.
Baca lebih lajut »
Israel’s central bank says CBDC could be issued if stablecoin use increasesIncreased usage of privately issued stablecoins could pose a threat to central bank money which may accelerate the rollout of Israel's digital shekel.
Baca lebih lajut »
Israel's Central Bank Outlines Scenarios for Issuing a Digital ShekelIsrael's central bank is monitoring a list of scenarios – like the decline of cash usage – that could influence a future decision to issue a digital shekel. By amitoj
Baca lebih lajut »
Analysis: China's 'atypical' deflation cycle gives central bank a headacheChina's central bank has plenty of reasons to loosen policy as deflationary pressures in the economy deepen, but record credit growth is likely to limit the extent of any monetary support it's able to provide.
Baca lebih lajut »