The Bank of England is on a mission to replace the settlement service. Despite its view that blockchain technology is "not sufficiently mature to support the core RTGS system," the central bank wants the next version of the system to be compatible with distributed ledgers in the private sector, according to the release.
While the proof of concept was conducted on a simulation isolated from the actual system code, its successful conclusion reinforced this aim, the Bank of England said....Goin' for it.
American BankerBank of England completes cross-border payment proof of concept
Brian Patrick Eha
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