Japan’s Central Bank Staff are Running Blockchain Trials
The Bank of Japan – the county’s central bank – is “test-driving” blockchain, or distributed ledger technology to understand the innovation, according to its governor Haruhiko Kuroda. Earlier today in Tokyo, Kurodo was speaking [PDF] at a financial forum centered around digital innovation and Fintech, notably pointing to new innovations in information technologies to bring significant change and impact to the financial industry, among the oldest industries in the world. Deeming financial services as an information industry that fundamentally sees a system of informational flow and....
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The central bank of Japan will not be applying blockchain to its payments and settlement systems any time soon, the institution has said. Following a statement last year by the Bank of Japan’s deputy governor Haruhiko Kuroda, that the the bank was "test driving" distributed ledger technology, the bank's head of payments has now clarified the research. Masafumi Miya, who also oversees the bank’s fintech center, told CoinDesk: "These trials by the bank's staff simply aim to understand the mechanics of DLT, rather than applying it to the bank's own liabilities or its payment....
Japan’s central bank is set to host an event focused on distributed ledger tech next month. The invite-only event, scheduled for 28th February, will be hosted at the Bank of Japan’s FinTech Center, founded last year as part of the institution’s push toward utilizing new technologies like blockchain. According to a translated agenda published today, some of the parties involved that will be making presentations include the central bank’s Institute for Monetary and Economic Studies, Mizuho Bank, and startups Soramitsu and R3, among others. The event will also feature a panel discussion on....
The Bank of Japan has revealed a new joint research project with the European Central Bank to study potential use-cases of blockchain technology. More specifically, the ECB’s Directorate General Market Infrastructure and Payments will collaborate with the BOJ’s Payment and Settlement Systems Department, the latter which is already testing blockchain technology, to study “the possible use of distributed ledger technology for market infrastructure,” stated an announcement by Japan’s central bank today. The announcement comes a day after a speech by ECB executive board member Yves Mersh, who....
Japan’s central bank is testing blockchain tech but has limited its work to research, according to one of its senior officials. Deputy governor Haruhiko Kuroda spoke earlier today during the Paris EUROPLACE Financial Forum in Tokyo. In remarks, he spoke about the opportunities and challenges regarding new kinds of technology in finance today. Earlier this year, Kuroda speculated that blockchain could reshape some financial processes, and in May called on other central banks to pursue research efforts like the ones currently being undertaken by the Bank of Japan. Some of the world's central....
Blockchain technology, the underlying innovation behind digital currencies including bitcoin was under the spotlight during the 3rd Fintech Forum held by Japan’s central bank. The Bank of Japan’s Third Fintech Forum, saw officials from the central bank’s payments department admit that central banks around the world were researching the technology. According to a report by Nikkei, the hot topic of the day was blockchain technology with private banks and financial institutions reportedly showcasing mock-ups of potential blockchain applications during the event. In December, BOJ governor....