Japan's Central Bank Says Blockchain Trials Are Exploratory So Far
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....
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A deputy governor of Japan's central bank has said that central banks worldwide need to pay close attention to developments surrounding digital currencies and blockchain technology. Speaking during a conference earlier this week in Japan, Deputy Governor Hiroshi Nakaso weighed in on several aspects of the financial technology landscape, including bitcoin and blockchain technology. Noting that the technology has "attracted considerable attention", Nakaso stated in his speech: "The application of those technologies would also change the structure of the financial....
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 Deputy Governor of the Bank of Japan, the country’s central bank, has stated that central banks around the world “will and have” to watch the progress and developments concerning digital currencies like Bitcoin and its underlying technology, the blockchain. Hiroshi Nakaso, a deputy governor of the Bank of Japan was speaking broadly about the financial market’s infrastructure in an age when innovation through financial technology is bringing about changes in payments and settlement systems. The recent speech [PDF] was heard during the ‘Conference on Retail Payments’ in Japan. Pinning....