Bank of England, Europol Seek Interns with Blockchain Experience
Both Bank of England and Europol are seeking interns with knowledge of Bitcoin and the blockchain. The announcements, which indicate an increasing awareness of the technologies among European government institutions, follow last month's ruling by the European Court of Justice that Bitcoin transactions are exempt from VAT. Bank of England will select their interns through an open competition in which university students are invited to submit proposals for new uses of the blockchain. Applicants are invited to work in groups of up to six people to identify new kinds of businesses or products....
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The Bank of England (BOE) has launched a search for blockchain-savvy interns, offering the winning students the possibility of a six-week paid internship and the chance of landing a role within the organisation. According to its website, applicants are encouraged to pitch an idea for a blockchain-based product that would contribute a positive change to UK society by 7th December. The website reads: "The point is that while the [blockchain] technology might include some risks, there are all sorts of far-sighted, game-chancing, life-enhancing ideas to pursue. We want to hear about yours."....
Over the past few months, it has become clear how a lot of major financial institutions around the world are looking at how they can implement blockchain technology. Bank of England, United Kingdom’s central bank, has launched a dedicated blockchain career page. But there is a twist, as the BoE is looking for bright ideas, which can eventually lead to a....
The Bank of England has indicated it will consider the impact of distributed ledgers as part of a plan to modernize the country’s settlement system. During a speech given at the Bank of England yesterday, Minouche Shafik, the central bank's deputy governor for markets and banking, laid out a four-point vision for the initiative, which has the mandate to deliver goals by the end of this year, with technological development beginning in 2017. The blueprint will seek to answer four questions, Shafik said. These include defining the bank’s policy objectives, determining what functions the....
Life in jolly ‘ole England has been quite turbulent over the past year or so, culminating with the epic Brexit vote this summer, changing the way the nation will do business forever more. This appears to be only the first step in their upgrades for future business initiatives, as the Bank of England has decided to revamp their financial services settlement system to include innovations like Bitcoin’s Blockchain technology. Bank of England wants to be more inclusive and more compatible. The Bank of England has scheduled a redesign of their RTGS (Real-time Gross Settlement) system. RTGS is a....
The Bank of England has been one of the more aggressive central banks to investigate blockchain and distributed ledger technology, but at least one of its officials doesn’t believe widespread adoption will happen anytime soon. Andrew Hauser, the central bank’s executive director for banking, payments and financial resilience, made the remarks during a speech on the history of how the Bank of England developed its settlement systems over the past 20 years. His speech took place at the CREST Twentieth Anniversary Conference on 20th September, an event commemorating the launch of the UK-based....