ECB, Bank of Japan Launch Joint Distributed Ledger Research Effort
The European Central Bank is weighing the use of distributed ledger tech in partnership with Japan’s central bank, one of its senior officials said today. Speaking today at the Handelsblatt Annual Conference Banken-Technologie in Frankfut, ECB executive board member Yves Mersch offered new details on its work in the area. Mersch said that the the two institutions plan to explore the tech over the next months, with an eye to publish the results of its research sometime next year. The ECB has also formed an internal task force focused on distributed ledgers, building on past research....
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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 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 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....
The Monetary Authority of Singapore (MAS) has officially announced a partnership with fintech firm R3. The joint effort will also see the launch of a distributed ledger technology (DLT) Center of Excellence in Asia. The Asian DLT lab will focus on expanding the emerging technology across the region. R3 & MAS Will Create a Distributed Ledger Asian Lab....
The Deputy Governor of the Bank of Japan, Hiroshi Nakaso, has revealed that there is no plan to issue digital currencies as a substitute for banknotes at the present time. Still, the official added the bank would “make utmost efforts” to understand and research blockchain technology, an innovation “born” with bitcoin in 2008, as stated by Nakaso. The Deputy Governor was speaking [PDF] at the University of Tokyo – Bank of Japan Joint Conference in Tokyo late last week. He opined that blockchain or distributed ledger technology (DLT) presents significant potential to affect “money” and....