South Korea's Central Bank Encouraged to Explore Blockchain Tech
A new report undertaken by the Bank of Korea recommends that the central bank monitor developments in the blockchain space and even undertake its own research into the technology. Authored by Dong sup Kim of the bank's Payment Systems Research Team, the paper sets out by introducing cryptocurrencies and distributed ledgers before attempting to predict the future for the technology. Regarding digital currencies, the report does not see these applications of the technology becoming widely used anytime soon. Citing high price volatility, technical complexity, the risk of hacking or the loss....
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