US Federal Reserve Releases First Distributed Ledger Research Paper
The Federal Reserve has published new research on distributed ledger tech. The paper, which explores applications of the technology in payments and transaction settlement, was drafted by teams from the Federal Reserve Board as well as the Federal Reserve Banks of New York and Chicago. Though research has been published in the past by members of the Federal Resrve system, most notably the Federal Reserve Banks from Boston and Chicago, the paper's release represents the first major release from the Federal Reserve Board. Overall, the research casts a wide net, including both a top-down view....
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The U.S. Federal Reserve is showing strong interest in attributes of distributed ledger technology (DLT). The private central banking entity has just released a paper that explores the agencies research on blockchain based settlement. Federal Reserve Research Team Paper Focuses on Blockchain Technology. The report issued by the Federal Reserve Board....
On 5th December, the Federal Reserve released its much-awaited research paper on distributed ledgers. The paper, “Distributed Ledger Technology in Payments, Clearing and Settlement", came two months after Federal Reserve governor Lael Brainard remarked at the Institute of International Finance that the US central bank was "paying close attention" to the technology. The product of the input of 30 financial industry stakeholders, including government officials, experts from traditional finance and FinTech institutions and members of the industry consortia – the paper explored....
It doesn’t take much investigation to see that the establishment, the global financial elite including the U.S. Federal Reserve, are very impressed with the technology that Bitcoin has brought to bear. Every major corporation, brand, tech firm, even nations are spending thousands of man-hours researching and building mock-ups of Bitcoin’s blockchain technology. Blockchains, or “distributed ledger technology” (DLT) is ‘the next big thing’ in mainstream tech, and the U.S. Federal Reserve is no exception. They published a research paper about DLT yesterday. The Biggest Dog in the Yard Has....
A working group within the US central bank believes digital currencies and distributed ledgers could come to have a significant impact on how its citizens and businesses conduct payments. The findings come from a 60-plus-page report published yesterday by the Faster Payments Task Force. The report itself, the first of a two-part release, is largely an overview of the Federal Reserve task force's work to paint a picture of the US payments ecosystem as it exists today. This includes an analysis of trends that could shape how people pay in the year ahead, including digital currencies. The Fed....
In its highly anticipated report on Blockchain technology, the Federal Reserve described the potential of the distributed ledger technology (DLT) in the settlement of payments, assets and clearing, emphasizing the importance of immutability, transparency and proper security measures. Fed’s interest in Blockchain. The Federal Reserve is interested in the implementation and integration of Blockchain or distributed ledger-based systems for transaction settlement and clearance. The Fed noted that if US PCS systems, that process around 600 mln transactions worth $12.6 trillion annually, adopt....