Bank of Japan to Host Distributed Ledger Forum Next Month
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....
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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....
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....
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....
Distributed ledger startup R3CEV has gained an additional three banking partners, raising the number of total banks involved to 25. Japan's Mizuho Bank, Nordea Bank - which operates in Northern Europe - and Italian bank UniCredit join the likes of Citi, HSBC, Barclays and Goldman Sachs in R3CEV's blockchain project which sets out to spread the use of the technology across the world's financial markets. David Rutter, R3CEV CEO, said in a statement:
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....