European Central Bank & Japan’s Central Bank Partner for Blockchain Research
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....
Related News
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....
A new research paper published by South Africa’s FirstRand Bank explores the world of central banks and blockchains, suggesting that the technology could usher in a "new epoch" of monetary oversight. Titled “The Advent of Crypto Banking”, the report examines the question of central bank-issued digital currencies, a topic that recently came to the fore when the European Central Bank announced this week that it was jointly exploring the concept in partnership with Japan’s central bank, the Bank of Japan. Those two institutions are expected to publish research of their own next....
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....
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....
President of the European Central Bank Christine Lagarde took to Twitter earlier to announce that the European Central Bank has decided to move up the investigation phase for the euro digital currency. The tweet comes in response to a tweet from the European Central Bank official Twitter handle, announcing that the institution would launch a […]