Finland’s Central Bank Explores Blockchain Technology

Finland’s central bank co-organized a seminar on blockchain last week. The Bank of Finland held the event in partnership with the country’s Ministry of Finance. The seminar took place on 24th November, according to the central bank. Attendees included government regulators, local academics and companies based in Finland, drawn from institutions like Aalto University, Lappeenranta University of Technology and the VTT Technical Research Centre of Finland. Representatives from firms like Microsoft and Finnish energy firm Fortum were also in attendance. In statements, central bank....

The Bank of Finland – the country’s central bank – had recently organized a blockchain seminar to discuss the potential and possibilities presented by the innovation. Held on November 24th, the world’s fourth oldest central bank co-organized the event alongside the Ministry of Finance and drew in a number of participants including researchers, governmental authorities, and executives from industry firms across Finland. The setting offered a platform for a collaborative discussion about blockchain technology and its potential use cases in both private and public industries. Speakers....

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The European Central Bank (ECB) has revealed that it is taking a close look at exploring the potential of blockchain technology for a multitude of services that it helps collaborate with other central banks in Europe. The European Union’s central bank has, in a report, revealed that it is looking toward new innovations such as blockchain or distributed ledger technology to help run payment and settlement systems. ECB made the revelation in a consultation report released this week, one which looks to the future of Europe’s financial market infrastructure and Eurosystem’s part in it. The....