Bank of Canada to Publish Results of Private Blockchain Testing
The Bank of Canada has announced that it will soon publish the results of its own coordinated blockchain experiment. As part of the project, the bank built a functioning blockchain prototype and fiat-backed digital token. The Central Bank of Canada Has Tested Blockchain Protocol. Carolyn Wilkins, the central bank’s senior deputy governor, said the bank....
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The Central Bank of Canada revealed yesterday it is developing a digital version of the Canadian dollar based on blockchain technology. Called CAD-coin, the project is part of a wider exploration of the emerging technology codenamed Project Jasper that was reportedly unveiled during a private presentation, according to The Financial Times. Other major banks including Bank of Montreal, CIBC, Royal Bank of Canada, Scotiabank and TD Bank, as well as banking consortium startup R3CEV, are said to be involved in the effort. A slide posted by Forbes provides more details, indicating that the Bank....
In a revelation on Wednesday, the Bank of Canada – Canada’s central bank – said that it is developing a digital currency called CAD-Coin, in collaboration with Canadian banks and New York-based blockchain startup R3. In a private presentation during the payments industry conference Payments Panorama in Calgary, the Bank of Canada revealed it is developing a digital equivalent of the Canadian dollar called CAD-Coin. Five of the biggest Canadian banks – Bank of Montreal, Canadian Imperial Bank of Commerce (CIBC), RBC, Toronto-Dominion Bank and Scotiabank are revealed to be participants, by....
The Bank of Canada has been heavily researching blockchain technology, Bitcoin, and the use of digital currencies. Just recently, a team of central bank researchers published a report called “Canadian Bank Notes and Dominion Notes: Lessons for Digital Currencies” examining issues they believe revolve around private and public cryptocurrencies. Is....
By working together the full potential of FinTech can be unlocked ensuring a smooth evolution to tomorrow’s financial system, a senior Bank of Canada said on Friday. Bank of Canada senior deputy governor Carolyn Wilkins said in a speech to Payments Canada in Calgary, Alberta, that blockchain technology could help to reduce the time it takes to clear and settle syndicated loans, which could free up capital leading to savings for global banks of up to $20 billion a year in back-office expenses. However, while Wilkins is keen to help companies develop new technologies, such as....
MDS Mexico will use blockchain technology to verify the authenticity of its rapid coronavirus test results. Medical services company MDS Mexico has launched a rapid covid-19 testing service that uses blockchain technology to verify results.According to a Oct. 17 report from local media outlet iProUP news, MDS Mexico has launched a digital platform allowing its patients to access results that are updated in real-time. Results are also physically delivered, featuring a QR code that can be scanned to verify the results and access a patient’s vaccination history on MDS Mexico’s blockchain. MDS....