Bank of England Considers Distributed Ledger Technology To Revamp UK Financial Infrastructure
Hardly anyone can deny the financial ecosystem will need to undergo an overdue change sooner rather than later. The legacy system is not able to keep up with growing consumer demands and needs. Over in the United Kingdom, the Bank of England will develop a blueprint for this overhaul, focusing on new payment preferences and distributed ledger technology. Bank of England Looks At Distributed Ledger Technology. Revamping the UK’s entire financial ecosystem will be quite the challenge, even for the Bank of England. At the same time, a lot of work has been done already, as consumers are....
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